Feb 09, 2024

It was further rinse-and-repeat for corn and soybeans on Friday, ending the week on a firmly lower note.  We had a sign of some life in the markets just after the 8:30 am re-open with corn trading to 4 higher and soybeans 5 higher but quickly reversed the other way.  Corn closed just off of fresh lows while soybeans made a meager attempt to climb away from them.  After yesterday's huge data dump, today was quiet for any new headlines or stories.  Managed money and funds continue to push towards larger net-short positions and, as a total, sit at the second largest all-time short position in corn and third largest all-time in soybeans.  Since we started our dramatic sell off at the turn of the calendar to 2024, the market has tried a few times to turn itself around.  Trade seems to be full of the anticipation of the funds unloading but what we are still lacking is the spark necessary to begin that chain reaction.

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Jun 17, 2024
Down hard across the grain complex to begin the week.  Corn finished 6-7 cents lower and soybeans closed 16-22 cents lower.  It's no secret that there is a variety of little things not perfect with the corn crop.  The...
Jun 14, 2024
Grains were negative in overnight trade and weakness continued to build throughout the day. Corn gave us a very brief look at some 1 cent higher trade this morning before flipping back to the red. Corn basis and spreads...
Jun 13, 2024
Decent bounce in corn and soybeans on Thursday. With the USDA not offering much in yesterday's WASDE, the market turns back to a money flow game. Weather outlooks showing potential for some above normal...