11/11/2021

Nov 11, 2021


11/11/2021
Some indecisive action during a quieter day of trade and smaller ranges for corn and soybeans.  Corn traded 10 higher early in the session and then faded into mid-day to finish unchanged-1 lower.  Soybeans traded double-digits higher early in the day session and managed to post modest gains on the day as a beneficiary of positive crush margins.  Spring wheat made a big charge at the 8:30am open, trading around 20 cents higher, and closed the day 9-10 higher.  Fund interest and activity continues to push water uphill in support of the grains and somewhat ignore fundamentals and outside influences such as a lack of export business, comfortable ending stocks, ideal conditions in South America, and a sharp 2-day rally in the dollar.  USDA offices were closed for Veterans' Day today so our weekly export sales and any flash sales (if applicable) will be posted tomorrow morning.  It feels like inflation is priced into our commodities at this point when comparing current market levels on the board to our carryout inventories in grains to the historical data.   

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...