4/4/2023

Apr 04, 2023


The bullish euphoria surrounding commodities yesterday failed to carry over into Tuesday's trade. News out of the energy sector helped support grains to begin the week but managed money is suddenly on edge, considering a potential pivot from the Fed. Corn and soybeans opened lower and were held in the red for the entirety of the trading session. The USDA did not make any sale announcements this morning. Following last week's prospective planting report, trade has turned some focus to the weather in the Dakotas where the USDA is expecting approximately 1,000,000 additional corn acres above what was planted in 2022. Practically all of the North Dakota and a majority of South Dakota is under an estimated 3 feet of snow pack. If we see a premium put into the market, it may be short lived with forecasts showing some great improvement for next week.

outlook.png

Read More News

Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....
Aug 12, 2024
The USDA's August WASDE report gave the market more than just a snack to chew on. We are finally seeing some official numbers get hashed up after a planting season that had many wondering about acres. The report...