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Graettinger, IA

Lee Carpenter

(712) 859-3663 Ext. 202

Lake Mills, WI

Pete Wollin

(920)648-2377 Ext. 18

    

 

 

Monday, May 20, 2019  
 
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DTN Closing Grain Comments    05/20 13:41
   Excess Water, Troubling Forecast Extend Grain, Soy Rally

   Weekend rain and even snow, plus a forecast that promises more rain the next
10 days fueled Monday's sharp grain and soy complex rally. As planting
seriously lags the average pace in corn and soybeans, and severe weather
threatens wheat, funds are scrambling to cover part of their large net short,
driving prices significantly higher than a week ago in corn and wheat. Soybeans
have been a reluctant follower.
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