Mar 20, 2023

After some measurable rains in Argentina over the weekend, opening calls were lower for Sunday night.  May contracts traded 9 cents lower for corn and 14 cents lower for soybeans.  November soybeans traded below the $13 handle for the first time since early August last year.  Soybeans ended mixed with gains on the front end, May traded steady 8-9 higher from mid-day into the close.  Corn struggled to follow but was able to close only 1-2 cents down on the day.  Weekly export inspections are finally beginning to pop higher for corn with 1.189 mln tonnes shipped last week.  Soybeans showed a bit of recovery after some slow weeks with 717k tonnes shipped.  A blizzard on Friday, the official start of Spring today, and the planting intentions report next week; just like that the year will already be 1/4 done with and the market will be looking to see how quick (or slow) farmers will be able to plant and it seems like the market always forgets that the American farmer plants faster every year.  Have orders working and be ready to make sales if we get a delayed planting rally!  Values near $6.45 cash corn, $5.45 new crop corn, $14.60 cash soybeans, and $13.00 new crop beans should be paid attention to!


Read More News

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...