Feb 02, 2024

Friday didn't offer us anything fresh in the markets.  Corn was quietly down in the range of 2-4 cents and soybeans settle 13-15 cents lower and just above fresh lows as the market continues to price in record production and favorable conditions in Brazil.  Following three years of traditionally high prices, incredible production in the U.S., and added acres in South America there is a plentiful supply of grain around the globe.  Near-record prices of soybeans in the U.S. has created demand destruction and allowed Brazil to undercut our exports.  Corn usage has increased year-over-year during this market cycle but big acres and record yield in the U.S. has given end users a plentiful supply.  Overall outlook for the markets continues to be lower.  Extended forecasts have been consistent in favoring an early spring.  Average planting pace, average growing conditions, and average yields for corn and soybeans is not supportive to current price levels.

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Apr 24, 2024
Profit taking was the feature of corn and soybean trade after corn rallied 20 cents and soybeans rallied 46 cents over the past week.  Spread correction was also seen today with May price spreads widening back out 1-2...
Apr 23, 2024
After struggling a bit on the tail end of overnight trade, corn and soybeans traded steady higher and looked their most firm heading into today’s close. After chugging higher for a third consecutive day, we viewed some more...
Apr 22, 2024
Some really nice follow-through after Friday's recovery resulted in some key technical signals for trade. Each pullback throughout the day was met with some fast buying. Corn and soybeans followed wheat's lead. Wheat...