Eddyville

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Market Commentary 04/21/2025

Corn and beans started the day higher but ended lower to start the week. More uncertainty in the Stock Markets seem to be keeping a lid on corn and beans, plus lack of major news to drive the markets one way or another. Corn and beans did have some good news with export inspections though. Corn export inspections are 29% higher than this time last year. Soybean export inspections are 11% higher than this time last year. Planting progress in the US shows corn at 12% complete versus 10% for the five-year average. Soybean planting progress is 8% complete versus 5% for the five-year average. Wet weather hit most of the US on Easter Sunday, bringing some nice rains, but excessive in some areas. The 7-day forecast looks to bring even more rainfall in, delaying planting for at least another week in most areas. Corn and beans seem to be stuck in a tight range for now. The US Dollar index hit its lowest level since March 2022. Gold set new all-time highs today as well. Live and Feeder cattle closed lower on the heels of Fridays Cattle on Feed Report, though the report was viewed as neutral to slightly bullish, Live and Feeders seem to be following equity markets. Farmers seem to be reengaged selling high $4 as the rain keeps them out of the fields. Have a good evening  

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