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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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...
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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...