05-13-2013 06:19 AM
Front months still tightening in comparison to the backs.
All three are up this morning. Corn up 1 to 8, beans -1 to up 5 and wheat up 1 to 2.
Stocks on the defensive and should open a little lower after Friday's late squeeze. Gold slipping down $16 to $1431 and oil off .79 cents to 95.25.
The 10 year making a run at 2.00% trading at 1.89%.
Planting progress will be big this afternoon and the trade will be watching intently.
Maybe, just maybe the negative news is in for the time being. The fly in the ointment would be a big jump in planting progress.