Yes it was bearish news on the report through and through but I will say this…we have waited for it and we are here, “THE WEATHER MARKET” it has arrived. No we are not full blown but we are serious enough that even the bearishness of today's report could not compete with the weather. As we always say nothing else matters when it comes to the weather.
 
So in short I will say this corn and beans (yes even the beans.. while it only might be a few days) have some upside here.
 
BEANS- I would look for beans maybe to put on somewhere around 20 to 30 cents and as I said this will only last for a few days until this weather hurts beans and we get late enough that acreage can think about changing.
 
CORN- I see corn here as the big winner!! We could see corn over a 20-30 day window try to put on 25 to 40 cents. This will give farmers the chance to get $3.65 to $3.85ish for the near by market and somewhere around $3.75 to $3.95ish for new crop market. Remember funds are extremely short and should start moving out of that position into a more even to long position for this time of year and market events. Be willing to put some commitments on in these time frames and take advantage of the weather market as for most of the time it will be “short lived” I am sure.
4/9/2019
Taylor Kusterman

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