U.S. EXPORT SALES: Beef sales of 15,100 MT for 2024 were up 23 percent from the previous week, but down 11 percent from the prior 4-week average
Market Update
DROUGHT MONITOR: Light to moderate precipitation fell across the Midwest, with the heaviest rain falling in eastern Missouri, southern Illinois, southern Indiana, and western and central Kentucky, all of which saw improvements
Weather
CME GRAINS: Corn: $4.57 (-0.055); Wheat: $6.6325 (-0.025); Soybeans: $12.1625 (+0.0275); Soybean Meal: $367.70 (-4.00) (VIEW COMMODITY QUOTES)
National Corn Wire
ENERGY PRICES: Crude Oil: $79.23 (+0.60); Ethanol: $1.81 (-0.02); Natural Gas: $2.495 (+0.079) (Crude Posts Moderate Gains on Tight Supplies and US Energy Demand Optimism)
Market Update
STOCK UPDATE: Dow 30: 39,869.38 (-38.62); Nasdaq: 16,698.32 (-44.07); S&P 500: 5,297.10 (-11.05) (Stocks Fall Back On Concern Interest Rates To Stay Higher For Longer)
Market Update
Short-Range Weather Forecast: Be on alert for severe thunderstorms and potential flash flooding in East Texas and the Gulf States until Saturday morning
Weather
CORN PROGRESS: 49% of the corn in the United States had been planted by May 12th, compared to 36% last week and 60% last year
Market Update
Gas prices down 3 cents this week to $3.61, up $0.07 from last year. Diesel prices down 5 cents this week to $3.85, down $0.05 from last year
Cash Prices
Disney posts surprise profit in streaming entertainment, raises earnings forecast... Walt Disney's streaming entertainment unit posted its first profit, two quarters ahead of schedule, and the media company raised its annual earnings per share outlook as it said turnaround efforts were yielding results. (Reuters)
Market Update
CORN PLANTING PROGRESS: U.S. at 27%; Iowa at 39%; Kansas at 39%; Missouri at 63%; Texas at 71%; Ohio at 6%
US Cattle Report by National Beef Wire
TODAY'S SALES: The largest string sold so far today was 167 heifers (767#) from Worthing, SD at $244.00 (WATCH LIVE SALES NOW)
US Cattle Report by National Beef Wire
UNL scientist Ana Maria VĂ©lez is a leader in genetic technology to contain corn rootworm
Farm Network
CROP PROGRESS: As of April 21, 2024, some states have surged ahead, surpassing their average planting progress (Melanie Price, Crop Progress Reporter)
Crop Progress