Dec 02, 2020
The overnight markets were ugly with corn down 5 and beans down 17-20. It looked like it was going to be the day we test 11.38 Jan futures, but we didn't quite get it done as we got within a nickel. Corn led the charge back around 9:30 am on news that China was buying April corn and wheat. I had a couple sources tell me that business got done and took a few phone calls looking for April corn, so it must of happened. Corn finished up 3 nearly a dime off the days lows. Beans finished down 9 cents as there is rain on the radar in Brazil. More rains are forecasted in central Brazil and the markets will be paying attention to amounts over the next week. The US Dollar continues to trade lower and has now tested 30-month lows and will likely continue lower as we approach 91. That should continue to entice more export business out of the US.
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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...