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 year lows. Soybeans ended the day mixed, within 1 cent of either side of unchanged. The biggest market mover has been the rains that materialized in Brazil over the holiday and weekend and brought good amounts of much needed moisture to some major producing areas but there are still some parts of the region only received light amounts. Soybeans have been their own market since harvest and we saw some excellent export demand develop earlier this month. Corn end-users and exporters appeared to find a couple months of coverage fairly easily during harvest on better than expected yields. Corn has been a follower and really needs its own story to develop. Corn demand should improve in December and any sort of issue in South America could see pricing goals met quickly.
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Feb 22, 2024
A round of fresh lows and some give-up selling on the farmer side were all we had to highlight Thursday's session. The USDA confirmed the sale of 126,000 tonnes of sorghum for delivery to China during the 2023/24...
Feb 20, 2024
Soybeans gapped higher on the Sunday night open and a portion of those gaps remained open on the charts at the close on Monday. Price action in corn was interesting to those who paid attention and it was a good little...
Feb 16, 2024
Soybeans traded solely higher and lead the way into the weekend with some nice bounces. Corn was trading up to 4 higher early on but ended Friday with March and May 24 contracts slightly lower and 1-2 cents higher...