Apr 20, 2021

Corn and beans are now off the July futures.  Those of you with basis contracts left in the May need to be priced or rolled by mid next week.  Corn and beans rolled to new highs again today as both corn and beans remain well supported.  Farmer movement remains slow for now as we approach $6 cash corn and $14.50 cash beans.  Make sure you are taking advantage of these prices.  Can we go higher?  I think we can, but I would continue to scale up slowly on what you have left to price for old crop.  These are prices we don't want to miss out on.  Basis has improved drastically as movement is slow and the farmer hits the field, so that creates more opportunity.  It does not feel like we are stopping demand and slowing uses at these levels, so we continue to search for a price level that will.  Buckle in for a wild summer.  New crop movement has picked up some as we think about planting and see $4.80 cash corn and 12.35 cash beans for new crop bids.  It is a big discount to old crop, but is worth a look to lock in some margins.  Continue to scale up on sales and your average price should look good when this all shakes out.  

Read More News

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...