“Prices ranged from $.03 lower to $.01 higher with old crop leading the declines. Early strength in July-25 fizzled out after failing to trade above its 100-day MA. Spreads were mostly weaker. Good rains across the nation’s midsection continues to ease drought readings without causing planting delays. Forecasts call for above normal temperatures across the nation’s midsection with normal to below normal moisture for the central and ECB into mid-May, favorable for corn and soybean plantings. Exports at 50 mil. bu. were in line with expectations. Old crop commitments at 2.313 bil. are up 26% from YA, vs. the USDA forecast of up 11%. Current commitments represent 91% of the USDA forecast, above the historical average of 87%. The largest buyer was Mexico with 18 mil. bu. however 6 mil. was switched from unknown,” according to Mark Soderberg with ADM Investor Services.