Grain > Commentary > 10-25-2021

10/25/2021

Oct 25, 2021

10/25/2021
Wheat yet again supports the grain markets and makes new highs for the move.  We topped out today at 10.31 December futures.  Beans also had a nice day bouncing back from last weeks end of the week decline.  Corn was flat as we await something new to trade.  Outside markets helped be supportive as bean oil, financials, and crude trade higher.  Corn export inspections for the week ending October 21 came in at 545,127 metric tonnes from trade expectations for 750,000-1.2 million tonnes.  Corn business remains slow as new sales have not been seen in quite some time.  Soybean export inspections for the week ending October 21 came in at 2,103,505 metric tonnes from trade expectations for 1.800-2.625 million tonnes.  Bean oil continues to drive the bus in the bean market.  Overall, the markets feel range bound until we get something fresh to change that.  Both corn and beans are basically in a 50-cent trading range, corn 5.00 to 5.50 futures, while beans are 12.00 to 12.50 futures.  Continue to make sales near the top of the range. 
 

Read More News

9/12/2025
Sep 12, 2025
USDA report day.  Corn and beans were trading higher pre-report on thoughts of a reduction to yields.  Well....we got what we were thinking but the USDA decided to throw a twist into the mix.  The 25/26 corn yield decreased slightly less than expected by 2.1 bu to 186.7 bpa, but they gave us the largest planted acreage shift on this report in at least the last 20 years (+1.4 mil acres) spurred an increase in production to 16,814 mbu.  25/26 ending stocks were slightly lowered by 7 mbu to 2,110 mbu. 
8/21/2025
Aug 21, 2025
Today the market ran higher on rumors for positive SRE announcements coming soon.  Bean oil was up over $2.  Beans finished the day up 20 cents at 10.56 Nov futures.  There is a chance we could make a run at the 10.74 Nov highs from back in June.  If we get there, I am a seller.  Bean basis remains in the garbage, so a run higher in futures doesn't help that either.  We still don't have a trade deal, so I think any rally is short lived at this time. 
8/15/2025
Aug 15, 2025
Corn and beans both had nice gains heading into the weekend.  Corn might seem terrible as of late, but for corn to only be down 2 cents since report day is impressive.  That was one of the most bearish reports for corn we have seen in quite some time.  Corn finished the week 13 cents off its lows and unchanged for the week.  New crop corn basis has softened a little on the week as the extra 2 million acres and 8 bushels of yield from the report has also scared a few exporters off.