Apr 17, 2024

An uneventful week for corn and soybeans so far.  A large majority of the volatility has been isolated to the soy trade which today saw beans finish 1-5 higher, meal $3 higher, and some small gains in oil.  Corn traded less than a 4-cent range today, finishing 1-2 cents lower.  We are in the early part of the U.S. planting window and pace is average, so far.  A fresh shot of moisture across a good portion of the grain belt over the past few days will also encourage the funds to maintain their current position.  There is a bit of a buzz about conditions for the Brazil second crop.  The crop is currently a little thirsty and forecasts show that the hot and dry weather will persist for now.

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May 10, 2024
The USDA gave trade a report that was friendly for corn to work with.  Despite a higher finish, the report was quite negative for soybeans with the USDA plugging in a 445 mln bu carryout for the 2024/25 crop year.  What...
May 09, 2024
Markets were steady-higher through the overnight session until the East coast crowd came online at 8 a.m. their time. Corn and soybeans quickly flipped to the red and headed into the coffee break lower where they...
May 08, 2024
Corn and soybeans were lower on Wednesday with corn down 5-8 cents and soybeans giving back 12-19.  The previous 5 days gave our futures a rally we have been waiting for since late February and pull-backs like these...