Grain > Commentary > 1/13/2020


Jan 13, 2020

Corn continued its move higher after the bearish to neutral report on Friday.  Nobody wants to believe the numbers.  Beans were lower today on Brazil rains over the weekend.  Wednesday still sounds like the day for the China Phase one deal to get signed.  Details remain lacking, but it sounds like beans, pork, DDG's, Ethanol, sorghum, and wheat are on the shopping list.  The quantities are yet to be determined.  I still think they buy where it’s cheapest, but there is always a chance for more good faith purchases.  I don't see any talks of China buying corn, which isn't a surprise because typically they don't like off quality specs.  The USDA did announce a sale of 137,000 tons of corn to South Korea today, but that is optional origin.  For what it is worth there is more #3 corn bids showing up on the rail, so that’s a good sight.  Let's hope we find more homes for light test weight and high fm, because once the North Dakota harvest starts again we are going to need more places to go with it.  I will leave you with a word of caution today…Make sure you are keeping a close eye on your bins this year.  Once this light corn starts to go out of condition it get exponentially worse in an instant.

Read More News

Feb 27, 2020
Another ugly day in the markets.  Corn broke through the 3.66 support early this morning and never looked back.  We did manage to close a couple cents off the lows, but the chart is ugly....
Feb 26, 2020
The DOW cannot decide what it wants to do from here as we traded a range of 827 points again today.  At the time of the grain close the DOW was down about 200 points.  Corn feels stuck at...
Feb 25, 2020
If you slept through your alarm this morning and missed the trade you didn't miss anything.  Corn and beans were both in green figures if that is any consolation from yesterday's trade...