Closing Chatham elevator bids

-To close out the trading week, corn futures were mixed, wheat futures lower, and soybean bean futures sharply lower.

-Soybean prices were under pressure today following news that China will impose a 34% tariff on all US good, effective April 10th.

-regarding tariff news, it is important to note that for now all goods covered under the USMCA (formerly NAFTA) remain tariff free.

-For the week May corn futures gained 7 cents, May wheat gained 3/4 of a cent, and soybean futures lost 46 cents, with the bulk of those losses coming today.

-US weekly exports sales were higher week over week for corn, soybeans, and wheat. Current sales on the books represent 87% of USDA's estimate for corn, 93% for soybeans, and 92% for wheat.

-it has been a yo-yo week for ag futures and even more so for the CAD, which of course has a big effect to our local grain and soybean prices.

-volatility will likely continue through trade/tariff issues and with planting/growing season upon us.

Have a good night.

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