Tonight’s Futures Closes:

(Futures contracts highlighted in green were the bull leaders today; futures prices highlighted in red were the bear leaders today.)

May 17 Corn $3.65 +5.75 May 17 Soybeans $9.545 -6.75

May 17 CH Wheat $4.0875 +6.25

July 17 Corn $3.7175 +6.25 July 17 Soybeans $9.65 -6.75 July 17 CH Wheat $4.27 +7.75

Sep 17 Corn $3.7875 +6.25 Aug17 Soybeans $9.67 -6.25

May 17 KC Wheat $4.12 +10.25

Dec 17 Corn $3.89 +5.5 Nov 17 Soybeans $9.6175 -5.75

July 17 KC Wheat $4.2475 +10.5

Mar 18 Corn $3.985 +5.25 Jan 18 Soybeans $9.6825 -5.75 May 17 MN Wheat $5.3375 +12.25

May 17 Oats $2.225 +3.75 Nov 17 Rapeseed $495.3 +0.5 Sep 17 MN Wheat $5.5175 +13.0

Dec 17 Meal $318.8 -2.2 May 17 Cotton $80.71 +0.62 Jun Dollar Index 98.710 -0.263

Dec17 SB Oil $32.31 unch July 17 Cotton $79.36 +0.57 June Crude Oil $49.69 +0.46

Jun 17 Cattle 115.825 +0.975 Dec 17 Cotton $75.00 +0.05 April Gold $1263.3 -12.5

May 17 Feeder

137.675 +0.225 May 17 Rice $929.5 -31.0 June S&P 2385.50 +15.80

Jun 17 Hogs 71.825 +2.300 Nov 17 Rice $1002.0 -27.0 June Dow Jones 20952 +257

Tuesday, April 22, 2017

Corn & Wheat Rally!!! About the time we

think the market isn’t paying attention to the

wet forecast, in comes the short covering from

the funds. Diana Klemme commented today:

“Corn rally may be tied to rumors of 'issues'

regarding the EPA's ethanol mandates; not

sure there's anything worthy of a 9 cent rally

but funds are heavily short and they may

want to step aside and let the dust settle???

May is still well within the recent broad range

of $3.54 to $3.85 but it's starting to move

above the 50 and 100 day moving average

lines....Wheat has found some short-covering

with chatter about whether cold temps

ahead will damage wheat.... Big test will

come to see if corn can follow thru tomorrow

or falls flat again.”

December corn futures broke back above ALL

of its moving average lines, closing just below

the 50-day MA (gold line) tonight. That level

($3.89 ½) and then the April high ($3.95 ¾)

would be the next targets this week. KC July

wheat pushed back up to its key resistance at

its 9 & 20-day MA’s @$4.27 (red line) & $4.31

¾ (blue line) respectively. For now, wheat

appears to be following the corn market.

This week’s Planting Progress Report showed overall planting progress for most crops near the 5-year averages. Those are

currently running: corn – 17% vs 18% avg; soybeans – 6% vs 3% avg; cotton – 11% vs 12% avg; sorghum – 24% vs 23% avg; spring

wheat – 22% vs 34%; oats – 57% vs 62% avg; winter wheat condition – 54% good/excellent (unch), 13% poor/very poor (unch).

The last couple of days have shown excellent planting progress in many areas, according to Twitter. But that appears to be going

to change over the next few days, and throughout the next couple of weeks, as the 7-day, 6-10 day, & 8-14 day forecasts again

tonight show above-normal precipitation expected for much of the US. This map shows where the most severe weather is

expected during the first couple of rounds of storms.

This email may contain confidential and/or privileged information. If you are not the intended recipient (or have received this email by mistake), please notify the sender immediately and destroy this email. Any unauthorized copying, disclosure or distribution of the material in this email is strictly prohibited. Email transmission security and error-free status cannot be guaranteed as information could be intercepted, corrupted, destroyed, delayed, incomplete, or

contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message which may arise as a result of email transmission. CGB Diversified Services, Inc is a registered introducing broker and a member of the NFA. Except as otherwise indicated DS does not warrant the accuracy or correctness of any information herein or the appropriateness of any transaction. Information contained herein is obtained from

sources believed to be reliable; however, no guarantee to its accuracy is made. Opinions expressed herein are those of the author and not necessarily of DS. All electronic communications may be reviewed by authorized personnel and may be provided to regulatory authorities or others with a legal right to access such information. At various times, DS or its affiliates may have positions in, and effect proprietary transactions in, futures, options, securities or other financial instruments which may be referred to herein. Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all

investors. Past performance of actual trades or strategies is not necessarily indicative of future results. Nothing contained herein shall be construed as an offer to sell or a solicitation to buy any futures contract, option, security, or derivative, including foreign exchange. Diversified Crop Insurance Services is a company of CGB Enterprises, Inc. and is an equal opportunity provider.

Diversified Services Marketing Group / Rich Morrison 1610 West Lafayette Ave Jacksonville, Illinois 62650 (217) 479-6012