Due to the great fluctuations in the grain markets we will only buy grain while the markets are open from 9:30 a.m. to 1:10 p.m. Monday thru Friday.
Quote of the Day
"I have missed more than 9,000 shots in my career. I have lost almost 300 games. On 26 occasions I have been entrusted to take the game winning shot...and I missed. I have failed over and over and over again in my life. And that's precisely why I succeed."
The news from Japan usually has a predictable quality about it. So American agriculture, which exports a lot to Japan, should take note when the country produces a genuine news flash, as it did recently.
A Department of Labor official defended the need to update child-labor laws for farms, but highlighted changes made to ensure children can work for family members. Still, lawmakers criticized the proposal with one congressman saying he would block any funding to implement it.
Mostly dry weather throughout the central U.S. on Monday as high pressure dominates. This dry weather follows a significant rain/snow event in the Southern Plains late last week, which will improve soil moisture for the winter wheat crop. Rains of 0.30-1.50 inches in the major soybean areas of Argentina and southern Brazil over the weekend will benefit the pod-filling crop. Significant hot/dry weather this growing season has affected corn and soybean production in South America. » More DTN Weather Commentary
On a daily basis, Friday's cash corn price was up 1 cents at $6.32; soybeans, up 16 cents at $11.88; hard red winter wheat, down 5 cents at $6.75; soft red winter wheat, down 3 cents at $6.44; and hard red spring wheat up 3 cents at $8.33.
