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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Jun 20, 2024
The mid-week holiday gives the market a second case of the Mondays this week. After some recovery in the previous session, the grain complex just could not find a footing on Thursday. Wheat and soybeans were hit the...
Jun 17, 2024
Down hard across the grain complex to begin the week.  Corn finished 6-7 cents lower and soybeans closed 16-22 cents lower.  It's no secret that there is a variety of little things not perfect with the corn crop.  The...
Jun 14, 2024
Grains were negative in overnight trade and weakness continued to build throughout the day. Corn gave us a very brief look at some 1 cent higher trade this morning before flipping back to the red. Corn basis and spreads...