Apr 01, 2024

An unfavorable start to the week for corn after last Thursday's friendly report.  Corn never saw higher trade of any kind throughout the session and ended Monday off 3-6 cents.  Soybeans followed lower in what was a very quiet session for soy.  Weaker spreads held the bigger losses on the front months and new crop corn is still 6 cents within Friday's high.  New crop soybeans are roughly 30 cents off of their recent high but have found some simple technical support with the 20 and 50-day moving averages.  The May corn and soybean contracts have also found some simple moving average support.  Weekly export inspection volume continues on with traditional volume for corn and soybeans.  Corn shipments were reported above trade expectations with 1.432 mln tonnes last week.  Soybean shipments came in low at 414k tonnes.  Wheat had its best week of the marketing year and out-performed trade expectations wiht 499k tonnes shipped.  Soybean shipment pace is slowing and is just 10 million bushels above the USDA export target.  Corn shipments exceed their target pace by 45 million bushels and continue to grow.  A good sign the U.S. corn market is low enough to generate demand.

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Jul 18, 2024
Another day of tough sledding for corn. There was some brief trade to 1 higher but we quickly went backwards into negative territory, closing just above the current contract lows. Soybeans were lower overnight and then...
Jul 17, 2024
It was a fast start to trade overnight with corn making a little surge to trade 3-5 higher and soybeans 7 higher.  Corn was able to hold on to improve 2-3 cents on the day but soybeans swung all the way back to the red side of...
Jul 16, 2024
Soybeans are now priced off of the November futures.  Corn and soybeans enjoyed a day of higher trade and posted modest gains of 2-5 cents.  The weekly crop ratings report was unchanged from the previous week with...