11/9/2020

Nov 09, 2020


11/9/2020
News broke this morning that Pfizer and their German partner Biontech announced they have a Covid-19 vaccine that is 90% effective and could be available by December. They intend to ask the Food & Drug Administration to allow early release of the vaccine. 90% effective is pretty impressive and is a game changer.  Obviously, it will take some to roll something like that out in the type quantity needed, but it’s a good start and the markets liked the news.  The Dow is currently up about 1,000 points and traded as high as 1,700 higher to exactly the 30,000 on the mini Dow futures.  Beans were the leader today as there are still weather concerns in South America as well.  The USDA announced the sale of 123,000 MT’s soybeans to unknown this morning.  Tomorrow is the release of the USDA report, which could shape up to be a wild one, so buckle in.
 

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Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....