Today’s Grain Future

Monday afternoon’s Crop Progress report showed a slow pace of corn planting
and deteriorating conditions for the U.S. winter wheat crop. The rain that is
forecast to cross the central U.S. later this week will miss the Southern
Plains where moisture is needed and fall instead on Midwestern states where
conditions are already excessively wet.

Corn

May 13 Corn closed at $6.83 1/4, down 3/4 cent,

Jul 13 Corn closed at $6.50, down 9 3/4 cents,

Sep 13 Corn closed at $5.80 1/4, down 4 1/2 cents

Dec 13 Corn closed at $5.56 3/4, down 2 3/4 cents

Soybeans

May 13 Soybeans closed at $14.67 3/4, down 4 cents,

Jul 13 Soybeans closed at $13.99, down 9 3/4 cents,

Aug 13 Soybeans closed at $13.39 3/4, down 5 1/4 cents,

Nov 13 Soybeans closed at $12.23 1/2, down 5 1/2 cents,

May 13 Soybean Meal closed at $428.30, down $3.10,

May 13 Soybean Oil closed at $49.13, down $0.33

Wheat

May 13 CBOT Wheat closed at $7.21 3/4, up 12 cents,

May 13 KCBT Wheat closed at $7.98, up 17 1/4 cents,

May 13 MGEX Wheat closed at $8.37 1/2, up 5 3/4 cents

Cotton

May 13 Cotton closed at 85.53, up 193 points,

Jul 13 Cotton closed at 87.47, up 173 points

Dec 13 Cotton closed at 86.28, up 158 points

Today’s Grain Future

DTN Closing comment

Monday’s forecast for rain across the central U.S. and cooler temperatures
later this week re-ignited concerns about planting delays and sent grain prices
higher across the board. The Wheat Quality Council conducts its tour of the
winter wheat crop this week and that may bring fresh attention to wheat’s woes
of dry conditions and numerous freeze events in April.

Corn

May 13 Corn closed at $6.84, up 40 cents,

Jul 13 Corn closed at $6.59 3/4, up 40 cents,

Sep 13 Corn closed at $5.84 3/4, up 40 cents

Dec 13 Corn closed at $5.59 1/2, up 35 1/2 cents

Soybeans

May 13 Soybeans closed at $14.71 3/4, up 41 cents,

Jul 13 Soybeans cl osed at $14.08 3/4, up 27 3/4 cents,

Aug 13 Soybeans closed at $13.45, up 26 1/2 cents,

Nov 13 Soybeans closed at $12.29 1/4, up 22 3/4 cents,

May 13 Soybean Meal closed at $431.40, up $13.50,

May 13 Soybean Oil closed at $49.46, down $0.20

Wheat

May 13 CBOT Wheat closed at $7.09 3/4, up 21 cents,

May 13 KCBT Wheat closed at $7.80 3/4, up 24 1/4 cents,

May 13 MGEX Wheat closed at $8.31 3/4, up 20 1/2 cents

Cotton

May 13 Cotton closed at 83.6, up 135 points,

Jul 13 Cotton closed at 85.74, up 149 points

Dec 13 Cotton closed at 84.7, up 112 points

Weekly #17 West Coast Hay and Straw

PSW

All Southern/Central/Northern CA still drought condition. Kern and Imperial counties are continuing damaged by aphid on new crop Alfalfa Hay. Alfalfa Hay traded 5 higher at FOB Stack this week and also less color and dry. Exporters started to purchase Klein and Bermuda Hay. Price started to 20-30 lower than last year crop at beginning.

PNW

Still quite trade and some activities of Alfalfa and Oat by export and domestic buyer in Eastern Oregon. In Washington most of exporters continue to sell excess inventory to domestic market before new crop.

Today’s Grain Future

Corn

May 13 Corn closed at $6.44, down 1 1/4 cents,

Jul 13 Corn closed at $6.19 3/4, down 4 3/4 cents,

Sep 13 Corn closed at $5.44 3/4, down 5 3/4 cents

Dec 13 Corn closed at $5.24, down 7 1/4 cents

Soybeans

May 13 Soybeans closed at $14.30 3/4, up 7 1/4 cents,

Jul 13 Soybeans closed at $13.81, up 8 3/4 cents,

Aug 13 Soybeans closed at $13.18 1/2, up 9 3/4 cents,

Nov 13 Soybeans closed at $12.10 1/4, up 4 3/4 cents,

May 13 Soybean Meal closed at $417.90, up $3.60,

May 13 Soybean Oil closed at $49.66, down $0.11

Wheat

May 13 CBOT Wheat closed at $6.88 3/4, down 12 1/2 cents,

May 13 KCBT Wheat closed at $7.56 1/2, down 7 1/4 cents,

May 13 MGEX Wheat closed at $8.11 1/4, down 12 cents

Cotton

May 13 Cotton closed at 82.25, up 92 points,

Jul 13 Cotton closed at 84.25, up 102 points

Dec 13 Cotton closed at 83.58, up 30 points

Today’s Grain Future

Corn

May 13 Corn is at $6.42 1/2, up 3 cents,

Jul 13 Corn is at $6.21 3/4, up 3 1/2 cents,

Sep 13 Corn is at $5.49 1/2, up 2 3/4 cents

Dec 13 Corn is at $5.29 1/4, up 1 1/4 cents

Soybeans

May 13 Soybeans are at $14.19 1/4, up 15 1/4 cents,

Jul 13 Soybeans are at $13.65 1/2, up 20 1/4 cents,

Aug 13 Soybeans are at $13.00 1/2, up 15 cents,

Nov 13 Soybeans are at $12.01 1/2, up 7 3/4 cents,

May 13 Soybean Meal is at $411.40, up $5.50,

May 13 Soybean Oil is at $49.66, up $0.48

Wheat

May 13 CBOT Wheat is at $7.01, up 9 1/4 cents,

May 13 KCBT Wheat is at $7.62 1/4, up 23 1/4 cents,

May 13 MGEX Wheat is at $8.34, up 16 1/4 cents

Cotton

May 13 Cotton is at 81.76, up 66 points,

Jul 13 Cotton is at 83.57, up 62 points

Dec 13 Cotton is at 83.76, up 34 points