Corn had a nice rally today based solely on weather and foreign export trade, the latest weather maps are turning Illinois Iowa and Indiana into small lakes with the
2- 4 inches of rain. The case for soybeans into China has not died down much either.
Sooner or later the USDA will have to shift the carryout number on beans closer to 100 million bushels. It is going to be an impatient weekend for farmers wanting to get into the fields. Any more of a delay in planting is going to get the trade real excited.Keep your eyes focused to Sunday night futures to see the next chapter of the spring of 09.
Chuck Peterson
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