Daily Afternoon Notes

Updated on 4/25/2018

Market Commentary 


  • Grains closed stronger again today. Wheat up a 13 1/2 cents, corn up 4 1/4 cents, and beans up 4 cents.
  • When China slapped a 179% tariff on sorghum imports last, ships were turned around in transit. The U.S. has had to scramble to find mainly domestic homes for the grain. 
  • No new news for wheat today. Talk of lower U.S. supply and dry weather lowering Australian wheat prospects offering support. 
  • Talk of lower US 2018 supply, dry Brazil weather lowering their final crop and lower China 2018 corn acres giving some support.