Grain > Commentary > 1-21-2022

1/21/2022

Jan 21, 2022

1/21/2022
GPC Is now Offerring Free Price Later on Beans with a pricing deadline of 10/13/2022.  Well…it was a wild week yet again and we will have to see what the weekend has in store for us.  There is a lot of Unknowns at the moment and you never know what can happen over a weekend.  Russia and Ukraine, South American Weather, China purchases, river and rail logitstics and much more.  Corn made a new high for the move today as the $6.00 cash orders filled.  Beans traded a bit softer after a rather impressive week.  For the week March corn futures were up 20 and March beans were up 45.  Corn resistance is now at 6.33 March futures, which was the high from back in June.  Bean resistance is now at 14.50 March futures.  Those are the next areas to make sales if your not willing to sell at current prices.  Have a good weekend!  

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8/15/2025
Aug 15, 2025
Corn and beans both had nice gains heading into the weekend.  Corn might seem terrible as of late, but for corn to only be down 2 cents since report day is impressive.  That was one of the most bearish reports for corn we have seen in quite some time.  Corn finished the week 13 cents off its lows and unchanged for the week.  New crop corn basis has softened a little on the week as the extra 2 million acres and 8 bushels of yield from the report has also scared a few exporters off. 
8/12/2025
Aug 12, 2025
The USDA report today didn't treat the corn market very well.  Both corn acres and yield were higher the result has corn carryout over 2.1 billion bushels.  Corn yield was pegged at 188.8 bpa vs an estimate of 184.29 bpa.  How high is 188.8?  Well…the previous record was 179.3.  Planted corn acres were put at 97.3 million.  Total corn production is estimated at 16.742 billion bushels, which is 763 million more than the report estimates.
5/12/2025
May 12, 2025
News broke Sunday that the USA and China have agreed to ease tensions and lower tariffs.  The US is lowering tariffs on Chinese goods from 145% to 30%.  China is lowering their import tariffs from 125% to 10%.  Talks will resume in the coming weeks.  This news had stocks, grains and oil higher overnight. Then of course we had a USDA grain report come out at 11:00 this morning.  That was also a bit friendly.