Monday 23rd
Cold Storage Report

Cattle On Feed report seems slightly bearish
Cattle be pushed forward.We should see better price down the road (Oct-Dec)

This week below normal temps but planters should be able to roll. ND. still the big wet spot.

How much corn will be planted in 1st. week of June??

4 week avgs.
July Corn 796.75 and Dec. corn 735
July Wheat 1159.25
July Beans 1644.50 and Nov. Beans 1489.25

The 50% numbers from last weeks ranges
July Corn 791.75 and Dec. Corn 746.50
July Wheat 1229.00
July Beans 1678.00 and Nov Beans 1508.75

Rain makes grain. Friday we start to warm up for the Memorial weekend and into next week.

This is when we work sideways to lower into the June 4th-9th time frame.

We are still watching the 20 day and 50 day moving avgs as support or resistance numbers.

Be Safe
call me with any questions or hedge advice.
Have a great Holiday weekend
Scott Capinegro
Branch office of HighGround Trading and next week.