12/19/2022

Dec 19, 2022


12/19/2022
Corn and soybeans opened and traded lower through the entire session to start two weeks of holiday trade. Volume is expected to be thin and any moves made could be exaggerated with less hands in the market. Even though we started the week with a firm move lower, it’s a good idea to have some "crazy" sell orders working over the next two weeks. The weekly export sales report came in with the second biggest week of net sales for U.S. soybeans so far in 2022/23 with 2.948 million tonnes. This was well above the 2.0 mln tonne high estimate. Corn came in just above estimates at 950k tonnes. Corn exports have some making up to do after we turn the calendar to 2023 but that is when the U.S. corn export program is typically strong. The past two marketing years have been outliers in terms of corn sale volumes on the books ahead of the shipping season. Get ready for some extreme cold at the end of this week in our area. The markets will trade a full session on Friday and will remain closed until 8:30am next Tuesday, Dec 27. Glacial Plains will be closed December 26.

Wind chill forecasts for Thursday night.
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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....