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Monday, April 04, 2016

Rains May Force Delta Farmers to Shift Corn Acres to Other Crops | Agweb.com

Rains May Force Delta Farmers to Shift Corn Acres to Other Crops | Agweb.com: The recent rains that fell on Louisiana, Mississippi, and Arkansas likely wreaked more damage on fields still soggy from the torrential rains that fell in mid-March. Corn planting in the three states is well behind the five-year averages, and this week’s rains will likely force some producers, particularly in Louisiana, to plant either cotton or soybeans.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are being led higher by the soy complex as US planting expectations suggest “price to entice” more acres. The US Dollar and stock indices are higher while crude oil is steady.

The next USDA report is April 12 where we will see how they breakdown the stocks numbers released on March 31. The first balance sheet for 2016/17 will be released in May.

Baker Hughes has dropped the oil rig count by 10 to 362 compared to the Oct 2014 peak rig count of 1609.