Oct 28, 2020

Today was correction day as it was risk off day in grains, energies and stocks.  Corn held the 4.00 support level, but will it hold tonight and tomorrow?  The next 48 hours will be important to see how these charts shake out.  The big question today is, is it over?  I doubt it's over.  This is a healthy correction for the markets and it was overdue.  We need to shake the tree every once in a while.  Now it's a matter of how long it lasts and how low we can go.  Covid headlines are back in a big way as we are setting records on new cases.  The election is next Tuesday, which is a major concern and unknown.  There is a lot of money moving to the sideline at the moment, which shouldn't be a surprise.  Let’s see what happens tomorrow and the balance of the week.

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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...