Mar 25, 2024

Soybeans pop higher to begin the week and corn bounced around from 2 higher to 2 lower in choppy trade.  With the planting intentions report coming out on Thursday, I expect this type of price action in corn to be consistent throughout the week and the $12 level to be like a magnet for soybeans.  The winter weather system we heard about for 5 days appears to be more of a dud than what was forecasted but it certainly has brought some much-welcomed moisture to our area.  We have minimal frost and that will allow the ground to take advantage of most of this snow.  Weekly export inspections were within their expected ranges and consistent with average volumes for this week of the calendar year.  Corn shipments were reported at 1.228 mln tonnes and soybean inspections totaled 769k tonnes.  Seasonal shipment paces for corn and soybeans also increased their surpluses over the USDA export volume targets.  Corn inspection pace is now at 37 million bushels (+3 mln from last week) ahead of target and soybean inspection pace is 14 million bushels (+6 mln from last week) ahead of target.

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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...