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.

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Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
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....