Jan 06, 2023

Soybeans bounce double-digits higher into the weekend with 14-21 cent gains.  Corn had buyers overnight and early in the day session, trading to 7 cents higher before profit taking evaporated gains.  Corn finishes mixed 1 lower to 1 higher.  The USDA confirmed two export sales this morning: 132,000 tonnes of soybeans for delivery to unknown during the 2022/23 marketing year and 112,000 tonnes of corn for delivery to Mexico, split between the 22/23 and 23/24 marketing years.  The weekly net export sales report was disappointing for wheat and corn.  Wheat sales have had record low volumes the past two weeks.  Corn sales came in well below estimates at 319k tonnes sold and featured Mexico as the only significant buyer.  Soybean sales were average at 721k tonnes sold.  I expect the markets to be relatively quiet heading into next Thursday's crop production report.  Like always, we encourage everyone to have sell orders working on major report days for old and new crop.


Read More News

Jul 18, 2024
Another day of tough sledding for corn. There was some brief trade to 1 higher but we quickly went backwards into negative territory, closing just above the current contract lows. Soybeans were lower overnight and then...
Jul 17, 2024
It was a fast start to trade overnight with corn making a little surge to trade 3-5 higher and soybeans 7 higher.  Corn was able to hold on to improve 2-3 cents on the day but soybeans swung all the way back to the red side of...
Jul 16, 2024
Soybeans are now priced off of the November futures.  Corn and soybeans enjoyed a day of higher trade and posted modest gains of 2-5 cents.  The weekly crop ratings report was unchanged from the previous week with...