Grains were mostly weaker this week with soybeans losing 8 cents, wheat was off 4 and corn posted a modest two-cent advance.
After a stormy previous week that brought widespread rains and freak snow storms, this week’s weather turned more favorable for much of the country. Monday’s planting pace was surprisingly strong in spite of challenging weather with corn planting advancing 13% on the week and hitting the near midway mark of 46%. This week’s weather has been mostly dry in key growing areas, but wetness still plagues E KS, MO, S IL & S IN. There will likely be some replant decisions needing to be made in these areas due to heavy rains. Over the weekend, rains are centered in the SE part of the country up thru the Mid Atlantic but the heart of the grain belt looks dry.
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