Jan 24, 2023
Corn took back Monday's losses, completing a full recovery for a "turnaround Tuesday." We started out higher to begin overnight trade and held gains into the coffee break. After we re-opened at 8:30, corn was able to maintain momentum but soybeans could not hold and slipped to negative trade by the mid-day point. We've been patiently waiting for some 8 a.m. corn export announcements and the USDA finally came through this morning with 130,000 tonnes of corn for delivery to unknown during the 2022/23 marketing year. Bids on the PNW have perked up slightly but values aren't anything special. This is a good start but we need more! Corn failed to break out of its 3-month range following our big January report day which means the inevitable break out will be even bigger.
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Feb 22, 2024
A round of fresh lows and some give-up selling on the farmer side were all we had to highlight Thursday's session. The USDA confirmed the sale of 126,000 tonnes of sorghum for delivery to China during the 2023/24...
Feb 20, 2024
Soybeans gapped higher on the Sunday night open and a portion of those gaps remained open on the charts at the close on Monday. Price action in corn was interesting to those who paid attention and it was a good little...
Feb 16, 2024
Soybeans traded solely higher and lead the way into the weekend with some nice bounces. Corn was trading up to 4 higher early on but ended Friday with March and May 24 contracts slightly lower and 1-2 cents higher...