1/19/2022

Jan 19, 2022


1/19/2022
There was rumors that China may be buying 1.5 mmt of US new crop soybean as a gesture of good faith as negotiations begin on the Phase 2 trade deal with US. China fell short of buying agreed US Ag goods under the terms of the Phase 1 trade deal.  Besides the rumors of China buying, managed funds were reported buying US futures as a hedge against inflation.  Argentina is seeing needed rains. Paraguay, W MGDS, W Parana and RGDS Brazil remains dry.  There were rumors that China may be buying 1.5 mmt of US new crop corn as a gesture of good faith.  Russia threat to invade Ukraine, which maybe causing some unrest and moving futures higher.

Read More News

Sep 20, 2023
Corn and soybeans reverse fortune to come back. After trading a fresh low, corn flipped the script to close 4-6 higher on the day after running into the 20-day moving average. The 20-day MA has been a spot of resistance...
Sep 19, 2023
The markets were extremely uneventful on Tuesday.  Trade was two-sided throughout the session and 10 cents or less covered the ranges in both corn and soybeans.  Weekly crop progress showed the corn and soybean crops...
Sep 18, 2023
A bit of an ugly start to the week for corn, soybeans, and wheat.  Corn and soybeans held steady/sideways throughout overnight trade but immediately broke support at the 8:30am opening.  Corn finished 4 lower where...