3/1/2024

Mar 01, 2024


Not the showing for corn the bulls were hoping for on Friday.  While soybeans enjoyed some steadily higher trade, corn was unable to test any new resistance and fell quickly into the red.  One thing positive we can take away from the market today is that May corn was able to recover and hold above its 10-day moving average.  It looks like the funds are not ready to offset a large portion of their short position.  Besides some technical trade on corn, there was not much happening for headlines today.  The February crop insurance prices were set at $4.66 for corn and $11.55 for soybeans.

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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...