05/05/2025 300 Spartans, $300 Feeder Cattle

On the Grains
Let’s take a look at developments over the weekend. First is planting progress, which will likely be in the low 40% tonight. While southeast Minnesota struggles to get much in the ground, it will be a wide open 10 days, and the bulk will get planted. We will keep this short and sweet. The crop is getting in the ground. Funds also expect the corn to get into the ground, noting that they were sellers of 41,000 contracts, leaving them 71,329 long. If we could get a storyline, they could add significant length, yet the time is short for that to develop. Two weeks of good weather and nothing left for a news story but a drought to bring them back to the market, as the demand story feels stale and traded.