Oct 25, 2022

A weaker dollar and simple trend-line support was enough to provide a bounce for corn and soybeans today. Our markets continue range bound as funds and spec traders wait on something to provide a sense of direction to the market. We are still two weeks out from the November WASDE report. The November version of this report from the USDA is typically rather quiet and features little-to-no changes but given how any type of market news has been stifling quiet, more emphasis may be put on this report as a market mover. The silence on yield reports around the grain belt is deafening which makes one think that if the crops were as bad, or worse, than we were told, the market would be talking all about it. We could be setting up for a scenario of a bigger than expected supply and overstated demand from the USDA. There is still good potential for some higher prices as we move out of harvest and towards 2023 but any sort of significant price rally will likely be sold off quickly.


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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...