Apr 28, 2023

After seven days of hemorrhaging that resulted in the funds flipping short, a fresh 15 month low, and a total range of 75 cents traded, July corn appears to have finally stopped the bleeding. Corn reversed higher near the mid-day point of the session on Friday and traded steady 2-3 cents higher. Wheat was the first to lead the charge up the hill, followed by soybeans, then corn. The July soybean chart has a much friendlier look to it with today's reversal higher, trading outside of yesterday's range and finishing the day 15 cents higher in strong fashion. Overall, an excellent recovery today to end the week (and the month) and will provide a more optimistic perspective going into May. Other than some corrective technical trade, there was no fresh news or reports to move the market today. We are confident there will be chances to capture cash values of $6.25 corn and $14.25 soybeans in the near future.

Going into May slightly drier than we did in 2022. Will need to monitor this close, funds like to trade headlines and that gives us marketing opportunities throughout the growing season.

Read More News

Sep 20, 2023
Corn and soybeans reverse fortune to come back. After trading a fresh low, corn flipped the script to close 4-6 higher on the day after running into the 20-day moving average. The 20-day MA has been a spot of resistance...
Sep 19, 2023
The markets were extremely uneventful on Tuesday.  Trade was two-sided throughout the session and 10 cents or less covered the ranges in both corn and soybeans.  Weekly crop progress showed the corn and soybean crops...
Sep 18, 2023
A bit of an ugly start to the week for corn, soybeans, and wheat.  Corn and soybeans held steady/sideways throughout overnight trade but immediately broke support at the 8:30am opening.  Corn finished 4 lower where...