May 20, 2013
Trading starting out 'mixed' with little fresh news available. Some players continue to bull spread. New crop futures are pressured by solid over the weekend planting progress and favorable weather forecasts. Corn planting progress is trade estimated between 55-70% planted; beans, between 25-35%. The market waiting for this afternoon’s crop progress report. Confirmation of significant planting advancement expected. Local white wheat market old crop basis has firmed up over the last seven to ten days. Offers are due in by May 22 on the PL-480 SWW giveaway to Yemen and Bangladesh.