First Thing Today Audio | April 16, 2021

For the week ending June 25, USDA reports harvest at 48% complete.

Dr. Michael Cordonnier has changed his bias toward the corn and soybean crops from "neutral to negative" to "neutral."

Traders are keeping a close eye on weekly crop condition ratings, which influenced price action again overnight.

USDA's weekly crop condition ratings were lower than expected for corn, soybeans and spring wheat.

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With sharply lower December 2017 futures falling sharply last week, fertilizer is lower as well with anhydrous ammonia leading the way down.

Our weighted Crop Condition Index shows the soybean crop declined by 2.11 points from last week.

Our weighted Crop Condition Index for spring wheat declined another six points.

Corn and soybean futures posted slight corrective gain.

The heaviest weekend rainfall occurred across the Delta and southeastern Midwest, thanks to the remnants of Tropical Storm Cindy.

Doane economists provide a visual update on short-term, intermediate and long-term trends for commodity and key outside markets.

Corn and soybean export inspections were within the pre-report range of guesses.

Midwest conditions mostly favorable for crop development.

One farmer says the late-April freeze event didn't impact yields as much as expected.

Pro Farmer's first look at this week's market action, weather forecast and important policy issues.