Grain > Commentary

3/20/2023

Mar 20, 2023

After some measurable rains in Argentina over the weekend, opening calls were lower for Sunday night.  May contracts traded 9 cents lower for corn and 14 cents lower for soybeans.  November soybeans traded below...

3/17/2023

Mar 17, 2023

Corn and soybeans traded higher in steady fashion during the overnight session but gave back all gains immediately following the morning break.  Corn came back just enough to finish 1-2 cents higher and soybeans...

3/15/2023

Mar 15, 2023

Corn started higher with May and July corn putting gaps on the charts at the open of overnight trade but quickly traded back to unchanged. The remainder of the session was relatively quiet. Corn stayed within a 10-cent...

3/14/2023

Mar 14, 2023

Overnight trade was steady in the 1-3 cents lower range for corn and soybeans. During the coffee break, the USDA confirmed the sale of 612,000 metric tons of corn for delivery to China during the 2022/23 marketing year...

3/13/2023

Mar 13, 2023

Russia is not against an extension to the Black Sea grain deal but only for 60 days. The current deal that allows agricultural products to be exported from Ukraine's southern Black Sea ports is set to expire on March 18. Russia signaled it will be only agree to the deal if restrictions on its own exports are lifted.  The Weekly Grain Export Inspections report this morning showed 39.3 million bushels of corn inspected for export during the week ending March 9.

3/10/2023

Mar 10, 2023

After dipping 3-5 cents lower just ahead of the coffee break, corn managed to keep its head above water (and the $6.00 level on the board) on Friday to end the week.  Soybeans finished 3-5 lower but firmly above their low...

3/7/2023

Mar 07, 2023

After ending last week on a high note, corn and soybeans drifted lower for the second consecutive session.  Corn stayed within 3 cents of either side of unchanged, finishing 1-3 lower.  Already trading lower on the day, soybeans...

3/6/2023

Mar 06, 2023

Corn lower and soybeans higher to begin the week.  With the market focused on Argentine crop ratings and weather, trade was aggressive in buying soybeans early in the session on Monday but had given back...

3/3/2023

Mar 03, 2023

Corn and soybeans continued their recovery on Friday.  After trade held steady near unchanged during the overnight hours, 8:30 brought with it the beginning of today's climb back up the hill.  From the recent lows printed at the beginning of the week, corn has recovered around 20 cents and soybeans about 40 cents going into the weekend.  The USDA remains silent at 8 a.m. but enough business has been getting done this week that next week's weekly export sales report may provide some sort of indirect confirmation if we don’t see anything sooner.

3/1/2023

Mar 01, 2023

Soybeans started the session in the green and steadily traded higher throughout the day, recovering 10-15 cents of its recent 60-cent downfall over the past week. After setting some fresh lows for the move this morning...

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