11/14/2022

Nov 14, 2022


11/14/2022
Corn and soybeans close lower to start the week.  We saw some brief trade higher mid-morning before getting stuck in the red on the day.  The weekly export inspections did little to help the market out with soybeans under-performing at 1.858 mln tonnes shipped.  Corn impressed the most at 484k tonnes but was still only average for the week.  December corn traded 5 cents either direction before finishing unchanged on the day.  January soybeans ran into overhead trendline resistance for the 6th time in the past 7 sessions.  Corn spreads tightened by a good amount today.  If you have basis fixed deliveries or contracts in place, it's a good time to pay close attention as we could have potential opportunities to roll these contracts ahead close to even money in the near future.  With harvest pretty well wrapped up around the country, end user cash bids have strengthened significantly in an effort to keep grain moving.
 

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...