Apr 07, 2021

Corn was stronger as the calendar spreads signal a continuance of good domestic demand.  The weekly ethanol report showed a slight increase in production of 10,000 bbl/day along with inventory decreasing by 500k barrels.  After a couple days of firmly higher trade, soybeans and soybean oil took a breather today after the monthly exports report showed that soybean export pace had fallen back to the yearly averages.  With good export demand in corn and soybeans, along with crush demand in beans, the consensus in the market is that we are expecting to see a friendly report on Friday.  New reports of confirmed outbreaks of African Swine Fever in China have become more consistent lately, with the newest headline being a dead pig washed ashore in Taiwan testing positive for ASF.  China has a history of downplaying crisis inside its borders and it would be interesting to know how the pig ended up in the sea.  I'm sure there are no shortage of theories on that.  Big picture: everyone is leaning extremely bullish but commodity markets are not immune to events on the geo-political landscape.  Make sure you have a strategy in place to protect yourself.

Read More News

Apr 24, 2024
Profit taking was the feature of corn and soybean trade after corn rallied 20 cents and soybeans rallied 46 cents over the past week.  Spread correction was also seen today with May price spreads widening back out 1-2...
Apr 23, 2024
After struggling a bit on the tail end of overnight trade, corn and soybeans traded steady higher and looked their most firm heading into today’s close. After chugging higher for a third consecutive day, we viewed some more...
Apr 22, 2024
Some really nice follow-through after Friday's recovery resulted in some key technical signals for trade. Each pullback throughout the day was met with some fast buying. Corn and soybeans followed wheat's lead. Wheat...