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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9/12/2025
Sep 12, 2025
USDA report day.  Corn and beans were trading higher pre-report on thoughts of a reduction to yields.  Well....we got what we were thinking but the USDA decided to throw a twist into the mix.  The 25/26 corn yield decreased slightly less than expected by 2.1 bu to 186.7 bpa, but they gave us the largest planted acreage shift on this report in at least the last 20 years (+1.4 mil acres) spurred an increase in production to 16,814 mbu.  25/26 ending stocks were slightly lowered by 7 mbu to 2,110 mbu. 
8/21/2025
Aug 21, 2025
Today the market ran higher on rumors for positive SRE announcements coming soon.  Bean oil was up over $2.  Beans finished the day up 20 cents at 10.56 Nov futures.  There is a chance we could make a run at the 10.74 Nov highs from back in June.  If we get there, I am a seller.  Bean basis remains in the garbage, so a run higher in futures doesn't help that either.  We still don't have a trade deal, so I think any rally is short lived at this time. 
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.