11/24/2020

Nov 24, 2020


11/24/2020
Grain markets took a beating overnight before battling back and gaining all the losses back throughout the day.  As I said before you just can't keep a good thing down and we still have a good thing going.  It was pretty impressive to watch the markets do what they did today.  It feels like part of the grains want to trade a covid scare, but outside markets are not telling us that story, as continued positive vaccine news has the wall street money's hopes up.  Crude oil was higher, the DOW broke 30,000 for the first time and gold was lower which are all signs of a happy market.  Tomorrow we have a full day of markets.  Thursday the markets are closed.  Friday is a short day of trade, which closes at noon.  Glacial Plains is closed both Thursday and Friday this year, so if you would like to work a sell order for Friday's trade make sure you get those working by tomorrow at the close of business.    
 

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Sep 12, 2025
USDA report day.  Corn and beans were trading higher pre-report on thoughts of a reduction to yields.  Well....we got what we were thinking but the USDA decided to throw a twist into the mix.  The 25/26 corn yield decreased slightly less than expected by 2.1 bu to 186.7 bpa, but they gave us the largest planted acreage shift on this report in at least the last 20 years (+1.4 mil acres) spurred an increase in production to 16,814 mbu.  25/26 ending stocks were slightly lowered by 7 mbu to 2,110 mbu. 
Aug 21, 2025
Today the market ran higher on rumors for positive SRE announcements coming soon.  Bean oil was up over $2.  Beans finished the day up 20 cents at 10.56 Nov futures.  There is a chance we could make a run at the 10.74 Nov highs from back in June.  If we get there, I am a seller.  Bean basis remains in the garbage, so a run higher in futures doesn't help that either.  We still don't have a trade deal, so I think any rally is short lived at this time. 
Aug 15, 2025
Corn and beans both had nice gains heading into the weekend.  Corn might seem terrible as of late, but for corn to only be down 2 cents since report day is impressive.  That was one of the most bearish reports for corn we have seen in quite some time.  Corn finished the week 13 cents off its lows and unchanged for the week.  New crop corn basis has softened a little on the week as the extra 2 million acres and 8 bushels of yield from the report has also scared a few exporters off.