10/27/2023

Oct 27, 2023


Corn and soybeans end the week with a stronger tone.  Corn finished 1-2 cents higher on the day after ticking up as much as 5 cents.  Soybeans flourished with double-digit gains.  November breached the 1300 threshold, once again, before settled just below at 1297'2, up nearly 18 cents on the day.  The buzz around the market today was rumors of China cancelling Brazil sales and U.S. exporters looking to subsidize some freight in an attempt to draw out some commercial sales.  A risk premium was also added into the mix today following an increase in U.S. military action overseas.  Corn futures have held surprisingly well considering the harvest pace and yield reports.  If we are able to maintain our current 3-month trading range in corn, a seasonal post-harvest rally could provide some attractive cash corn prices but we should also expect that opportunity to be short-lived.

Read More News

Apr 19, 2024
A nice pop in the markets to end the week after a sharp rise in geopolitical tensions. Retaliatory strikes between Iran and Israel took place overnight and, unfortunately, corn and soybeans need something like this to fuel a...
Apr 18, 2024
Not much to get excited about today. Corn and soybeans traded higher for a very brief moment before weakness set in. Corn ends the day down 3-5 cents and soybeans lose 12-15 cents. The weekly export sales...
Apr 17, 2024
An uneventful week for corn and soybeans so far.  A large majority of the volatility has been isolated to the soy trade which today saw beans finish 1-5 higher, meal $3 higher, and some small gains in oil.  Corn traded less than...