Grain > Commentary > 4-4-2023

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

9/12/2025
Sep 12, 2025
USDA report day.  Corn and beans were trading higher pre-report on thoughts of a reduction to yields.  Well....we got what we were thinking but the USDA decided to throw a twist into the mix.  The 25/26 corn yield decreased slightly less than expected by 2.1 bu to 186.7 bpa, but they gave us the largest planted acreage shift on this report in at least the last 20 years (+1.4 mil acres) spurred an increase in production to 16,814 mbu.  25/26 ending stocks were slightly lowered by 7 mbu to 2,110 mbu. 
8/21/2025
Aug 21, 2025
Today the market ran higher on rumors for positive SRE announcements coming soon.  Bean oil was up over $2.  Beans finished the day up 20 cents at 10.56 Nov futures.  There is a chance we could make a run at the 10.74 Nov highs from back in June.  If we get there, I am a seller.  Bean basis remains in the garbage, so a run higher in futures doesn't help that either.  We still don't have a trade deal, so I think any rally is short lived at this time. 
8/15/2025
Aug 15, 2025
Corn and beans both had nice gains heading into the weekend.  Corn might seem terrible as of late, but for corn to only be down 2 cents since report day is impressive.  That was one of the most bearish reports for corn we have seen in quite some time.  Corn finished the week 13 cents off its lows and unchanged for the week.  New crop corn basis has softened a little on the week as the extra 2 million acres and 8 bushels of yield from the report has also scared a few exporters off.