Apr 08, 2022

Managed money and funds just don't care about anything market neutral or bearish. The money is here until some uncertainty is removed. The USDA report came in with smaller cuts than trade was expecting but this somehow was received as positive. The biggest surprise was likely the bump up in world corn ending stocks to 305.5 million tonnes from 301.0 in March.

The report was neutral/slightly bearish for corn but trade shrugged it off.
corn.jpgSoybeans received a boost from the report.

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Jul 18, 2024
Another day of tough sledding for corn. There was some brief trade to 1 higher but we quickly went backwards into negative territory, closing just above the current contract lows. Soybeans were lower overnight and then...
Jul 17, 2024
It was a fast start to trade overnight with corn making a little surge to trade 3-5 higher and soybeans 7 higher.  Corn was able to hold on to improve 2-3 cents on the day but soybeans swung all the way back to the red side of...
Jul 16, 2024
Soybeans are now priced off of the November futures.  Corn and soybeans enjoyed a day of higher trade and posted modest gains of 2-5 cents.  The weekly crop ratings report was unchanged from the previous week with...