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Daily Commentary
Commentary for 4/3/2009  04/06/09 12:53:08 PM



FRIDAY 4/3/09 - A.M.
Fresh supportive market news harder to find this morning. Opening futures prices headed for consolidation.  Outside markets flipping and switching around counteringsome of yesterday's exuberance.  Weather forecasts detect rainy systems over the Plains and Midwest. Cold temperatures and flooding continue to raise questions about spring wheat production in the northern Midwest. A new USDA S&D comes out next Thursday, April 9. 

SWW bidders continue to patrol a familar range. A few more country bushels rolled into the marketing stream.

FRIDAY 4/3/09 - P.M.

Fundamentally 'destructive crop weather' took Chicago wheat up twelve to thirteen cents. Additional country selling reported. Rail and barge bushels re-inflate the SWW pipeline.

 
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