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.

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...