Weekly grain report

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

5/2/13: The grain futures markets have chopped around for the last two days, which hasn’t done much to our white wheat price. New crop and old crop prices are now virtually identical. Corn has rallied back from the low posted after the March 28 stocks report, with the May Chicago futures contract finally trading above that day’s low, which was limit down. Corn-planting delays combined with heavy snowfall in Iowa drove the gains. The HRW tour in Kansas came back with an estimated yield of 41 bushels to the acre, which was hig...