3/5/2024

Mar 05, 2024


You could call Tuesday's trade a small flight to safety for the fresh buyers after Monday's price action failed to further our rally.  May corn is getting a little squeeze between the 10- and 20-day moving averages and Friday's WASDE report could fuel a small breakout.  There were no USDA reports or announcements today and trade was about positioning ahead of the report.  We have not seen the full trade estimates for Friday's report but most are looking for a small cut to corn ending stocks and a small increase to soybean ending stocks.

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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...