Mar 10, 2023
After dipping 3-5 cents lower just ahead of the coffee break, corn managed to keep its head above water (and the $6.00 level on the board) on Friday to end the week. Soybeans finished 3-5 lower but firmly above their low marks on the day. The market was ready to buy May soybeans when it briefly traded below the $15 level. U.S. export sales netted a marketing year high for corn last week, exceeding market expectations for a total 1.412 mln tonnes. On the opposite end of the spectrum was soybeans, which printed a marketing year low with 23k tonne net cancellation, led by Pakistan cancelling 2 cargoes. After trading its highest levels in over 14 years in 2022, wheat continues on its path downward, spring wheat contracts are trading around 60% of their value from 10 months ago. Also keeping the market defensive and on edge is Wall Street. As of about 1:20pm, the DOW was down 1,500 points and the NASDAQ 500 points lower on the week.
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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...