Jan 05, 2024

Corn and soybeans turn in a poor performance to end the first trading week of 2024.  The charts are unattractive and soybeans are extremely oversold from a technical standpoint but there's something to be said about catching a falling knife.  The weekly export sales report appeared to give trade their excuse to continue lower.  Corn and soybean sales were both missed short of their expected ranges but I'm not sure how surprised we should really be about a poor export sales performance on a short week that is stuffed between two major holidays.  Corn sales totaled 367.5k tonnes and soybean sales came in a 201.6k tonnes.  Corn and soybeans were both well into new lows today while oats and the balance of the soy complex also traded extremely weak.  The lone bright spot were some modest gains across the wheat.  At this point, our best chance to put together a sustained rally is for a problem to develop somewhere around the globe that poses a threat to grains.

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Apr 24, 2024
Profit taking was the feature of corn and soybean trade after corn rallied 20 cents and soybeans rallied 46 cents over the past week.  Spread correction was also seen today with May price spreads widening back out 1-2...
Apr 23, 2024
After struggling a bit on the tail end of overnight trade, corn and soybeans traded steady higher and looked their most firm heading into today’s close. After chugging higher for a third consecutive day, we viewed some more...
Apr 22, 2024
Some really nice follow-through after Friday's recovery resulted in some key technical signals for trade. Each pullback throughout the day was met with some fast buying. Corn and soybeans followed wheat's lead. Wheat...