Sows 500-650 lbs. Outlook Briefs Wheat Market Overview . Seasonal tendencies indicate this rally may be some of the highest prices of the growing season although concerns of dryness in the great plains will keep sellers wary. Corn Market Situation. The market is buoyed by strong demand and dryness throughout the corn belt.
Market bears take heart from large ending stocks.
Seasonal strength should continue into the spring on expectations corn acreage will decline from last year. Soybean Market Outlook. Expectations are for a good but not record crop out of South America to begin hitting the market over the next month and increased U.S. acreage. While off take has been strong, I believe that the large supplies will ultimately push soybean prices much lower. This was the first time in the 1990's that milk cow numbers increased rather than decreased, and this was the strongest annual increase in milk per cow.