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With excellent crop conditions, current ideal weather and planting, among others, corn might have already posted its 2018 high.
More soybean and soybean meals were sold last week in anticipation of China’s retaliation against the Trump administration’s trade tariffs.
Despite weather conditions turning good, grains like corn and wheat dropped last week while soybean prices roughly increased.
Sub-freezing temperatures drove the US wheat markets while demand remains strong for oats and corn.
US wheat markets are up, dairy markets stayed steady while sugar futures were higher last week.
Arkansas remains a big problem area as little work is able to get done because the soils are still too wet.