Mar 15, 2024

It looked like it was going to be an uneventful session to the end the week.  Corn was hanging around 1 higher and soybeans recovered off of their lows and were trading steady down 1-2 cents.  A buying surge in the last 20 minutes pushed corn and soybeans to go into the weekend 2-3 cents higher.  It was just enough to get May corn back above its 10-day moving average and May soybeans will start next week looking to make a push through $12.  The USDA made a corn sale announcement for the second day in a row.  Today's sale was for 125,000 tonnes for delivery to unknown during the 2023/24 marketing year.  We also had the NOPA Crush report for February.  The total of 186.194 mln bushels crushed was a record for the month of February and up 12.6% from February 2023.  This was well above the average trade guess of 178.06 mln bu.  Soyoil stocks were reported at 1.69 bln lbs, down 6.6% from a year ago but above the trade guess of 1.591 bln.

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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...