Grain > Commentary > 4-17-2024

4/17/2024

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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8/15/2025
Aug 15, 2025
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8/12/2025
Aug 12, 2025
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5/12/2025
May 12, 2025
News broke Sunday that the USA and China have agreed to ease tensions and lower tariffs.  The US is lowering tariffs on Chinese goods from 145% to 30%.  China is lowering their import tariffs from 125% to 10%.  Talks will resume in the coming weeks.  This news had stocks, grains and oil higher overnight. Then of course we had a USDA grain report come out at 11:00 this morning.  That was also a bit friendly.