Jan 23, 2024

Another slow grind for corn while soybeans close higher for the 4th consecutive day.  Corn traded to 5 higher but could not held and faded back to end the day unchanged to 1 higher.  Soybeans enjoyed another round of nice gains that ranged from 8-15 cents higher with a majority coming within the final hour of the session.  March bean spreads also tightened further.  If you have basis-fixed soybeans, we need to be diligent here and study this potential opportunity if you are planning to roll.  Using today's close, it would cost 8 cents to roll to the May contract and is trending in a favorable direction.  There were no USDA announcements or reports today, just some early private estimates for planted acres in 2024.  These estimates showed a modest increase in soybeans and decrease in corn acres.  Nothing to really get the market moving.

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Apr 19, 2024
A nice pop in the markets to end the week after a sharp rise in geopolitical tensions. Retaliatory strikes between Iran and Israel took place overnight and, unfortunately, corn and soybeans need something like this to fuel a...
Apr 18, 2024
Not much to get excited about today. Corn and soybeans traded higher for a very brief moment before weakness set in. Corn ends the day down 3-5 cents and soybeans lose 12-15 cents. The weekly export sales...
Apr 17, 2024
An uneventful week for corn and soybeans so far.  A large majority of the volatility has been isolated to the soy trade which today saw beans finish 1-5 higher, meal $3 higher, and some small gains in oil.  Corn traded less than...