Nov 17, 2023

Most commodities continued on a "risk-off" path to end the week. Trade seems unsure about China/U.S. relations and weather forecasts continued to add rain into major growing regions of Brazil. The USDA was quiet at 8 a.m. this morning and made no sale announcements. Overall, Friday was a quiet in terms of fresh news or headlines.

"Escalator up, elevator shaft down" - After breaking lower for 3 days, January soybeans have already retraced 50% of their 24 day rally. Upward trends still remain intact and these pullbacks are necessary to maintain healthy markets.

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Nov 27, 2023
Corn and soybeans begin the week down as lower continues to be the path of least resistance. Grains as a whole were largely weaker with wheat double-digits lower and corn finishing with 5-7 cent losses and new 2 1/2...
Nov 22, 2023
Once again, soybeans were the price leader but trade was in heavy risk-off mode in soy.  Corn and soybeans bounced around between 1-3 cents lower overnight before selling took over after the morning break.  Rains...
Nov 21, 2023
January soybeans have now traded a sixty-cent range over the past two days which includes their lowest quote since November 3 and also trading within a dime of the 3-month highs set just last week.  Today's session...