What was the first human organ to be successfully transplanted, in 1954?
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Grain Market Insight
Afternoon Grain Comments 5-3-2024 – The grain markets today were steady to better with corn and milo steady while wheat and soybeans moved double digits higher. The StoneX corn comment this afternoon was “short-covering again today, but this time, it hit a wall of cash grain released by the US farmer…” The National Weather Service forecast are looking wet for much of the corn belt to hold off planting for a couple of weeks so that could be an interesting factor for the grains next week. Switching acres from corn to soybeans does happen but often producers are in a rotation that works and they will do almost anything they can to avoid messing up the crop rotation. Flooding is said to be happening in the soybean belt of Brazil which helped the soybean price. Time will tell how much that will impact the crop and harvest. The wheat market was bolstered by weather models showing Russia could stay dry and a slight chance for a late frost in their wheat growing areas. Kacey will be off for a few weeks so no afternoon grain comments from her for the near future. At the close today cash wheat was 13 cents higher, corn and milo were unchanged from Thursday’s closes, and soybeans ended 16 cents higher. For the week, wheat was down a penny, corn and milo were 15 cents higher, and soybeans were up 45 cents. Have a wonderful weekend.
Morning Grain Comments 5-3-2024 – The grain markets were higher overnight with KC wheat and soybeans both spending significant time double-digits higher after trading lower early in the session with corn also trading both sides of Thursday’s close but a strong market as well. The StoneX Quick Editorial (QE) this morning, “overnight grain volume was strong across the board as the most-traded July corn contract blasted through the 100-day moving average, effectively for the first time since last July; ARG corn and BRZ soy prospects are in doubt with the trade finally acknowledging wet U.S. weather as well…” The strong volume mentioned in the QE was lead by July corn followed closely by July soybeans with July soybean meal not too far behind. In world grain trade news, Algeria reportedly has been purchasing soft milling wheat likely to come from Russia and Ukraine. At 7:45 at the end of the night session this morning, Kansas City July wheat was 14.75 cents higher, Chicago July corn was up 5.5 cents, and Chicago July soybeans ended the night session 10 cents higher. Have wonderful day and weekend.
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March 25 Blowing snow most of the day gave us a little bit of moisture in Sublette.
February 11 A little flurry of snow on the 10th but about an inch or so received on the 11th in Sublette.
January 22 - February 2 - a number of damp, foggy days did not give us much moisture in the gage but left the area very wet where snow had still been melting.
January 8 Snow, wind, wind, and wind 4 inches of snow? 5?
January 5, 2024 Snow most of the morning gave us about 3 inches or so in Sublette.
December 13 & 14 Two days of rain gave us over 2.5 inches of rain in Sublette.