Grain > Commentary > 3-1-2024

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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3/11/2025
Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
8/30/2024
Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
8/23/2024
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....