Feb 23, 2021
New crop corn and beans both made new highs today, but finished off those levels by 5-10 cents. New crop beans were the popular item today being sold. Old crop highs got within 13 cents on corn and 5 cents on beans, but there was little farmer movement of old crop today. There was a combination of reasons we could have been higher today, but nothing major in my opinion happened. The new crop futures continue to work to buy acres, which we need, especially soybeans. The old crop futures continue to try and figure out where our actually supply is at and assume we will continue to see more demand. Bean oil was the big winner today up over $1 and inching closer to $50. South American weather remains an issue as Brazil remains too wet and Argentina remains too dry. I am starting to see more and more thoughts of drought in Argentina. So, another words were trading someone else’s weather and that is always volatile. As if we don't have enough fun happening in our own markets. Buckle in and continue to scale up on new crop sales a little bit at a time.
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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...
Nov 22, 2023
Once again, soybeans were the price leader but trade was in heavy risk-off mode in soy. Corn and soybeans bounced around between 1-3 cents lower overnight before selling took over after the morning break. Rains...
Nov 21, 2023
January soybeans have now traded a sixty-cent range over the past two days which includes their lowest quote since November 3 and also trading within a dime of the 3-month highs set just last week. Today's session...