Jan 26, 2024
Grains go into the weekend on a down note. After rallying 35 cents from Monday through Wednesday, soybeans spent the last two sessions in the red and gave back most of those gains to close the week near unchanged. Corn spent this week in a slow churn higher but gave back all gains today to also finish unchanged on the week. We had found some support and buying interest based on South American weather. Trade has a decent idea of what the crop will be in Brazil but concerns over the conditions in Argentina had trade covering some shorts until an updated forecast appears to be bringing some relief to crops in the country. This morning, the USDA confirmed the sale of 100,000 tonnes of soybean meal for delivery to unknown during the 2023/24 marketing year.
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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...