Selling the Rumour --- This Week in the Ag Markets

by

Opinion

Grains all ended the week lower as planting continues south of the 49th parallel with some activity here in Western Canada but things have been slowed by some sporadic, cooler weather. The USDA’s progress report is showing us that corn sowing is slightly behind schedule with the southeast and eastern regions way behind. As a result, even the seed companies are admitting that prospective corn acres those regions could be switched over to soybeans or sorghum as the optimal yields window passes. Conversely, U.S. spring cereal seeding remains ahead of schedule and the U.S. winter wheat crop received some mid-April rain, but the…

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