Closing Comments

By Lynn Miller

April 16, 2015

These are the days I wish my imagination and worldly knowledge were a good as Craig’s and I could tell you wild stories about my slow cousin Jimmi or the bug eating habits of our friends across the ocean; however, I am not so gifted.  So you are left w/ my impression of the market once again today – it’s like watching gophers in the pasture on a nice spring day.  The irritating little buggers are chewing up your pasture, making it rough to drive in and all you see is their little heads up and down, up and down.  Not much of a feel good there.  You would really think that we would get something, anything to light a fire, even if temporary.

Corn:

With little to trade out there, the biggest news of the day was the export numbers.  Released this morning, Corn sales were 23.2 million bushels old crop and 1.1 new crop.  Both were at the higher end of estimates.  With 4 ½ months left in the marketing year we aren’t doing as bad as it feels.  We need to sell 17 million bushels of corn each week to reach the USDA estimate.