Oct 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

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...