Weekly grain report

Byron Behne watches the grain markets for the Odessa Union Warehouse.

5/2/12: Big washout today in the grain markets, yet there didn’t seem to be any terrible news item that caused it. Soybeans closed down 18 cents, which was probably overdue after the run they’ve been on lately and that seemed to allow everything else to get hammered, too. Wheat was off the most, as there certainly isn’t the tight supply situation as there is in corn and beans, and the winter wheat tour is roaming through Kansas and finding excellent yield potential in fields they’ve surveyed so far. Corn prices dropped to ne...