Oct 07, 2020

The markets were wild again today as the bean story continues to heat up.  Beans put in a new high for the move today at 10.5975 before once again fading into the close.  The market continues to tell everyone that it wants the beans in November, December, and January and is inverting hard in the deferred months and Nov to May is now at a 26-cent inverse.  Bean space in the elevators systems are getting very tight as I am hearing about lots of ground piles.  As you saw yesterday, I decided to go to cash only on soybeans for the time being on future deliveries.  Space is getting very tight, which is a good problem.  Our goal as an elevator is always to be full coming out of  harvest because it gives us the best sales opportunities in the future.  I just want to assure you we are doing everything we can to keep dumping your soybeans and make room.  I appreciate all your business as always.  This policy is not meant to scare you away, it's meant to entice a few beans to go in the bin and in turn you can put the 15-cent cash carry in your pocket for doing so.  If you have any questions about it feel free to call me. 

Read More News

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...