May 12, 2023

A largely negative WASDE report. USDA lowered 22/23 corn exports by 75 million bushels, increasing corn ending stocks to 1.417 bln bu. A couple things that stick out on the 2023/24 corn balance sheet: A 375 million bushel increase in feed use and an average farm price forecasted at $4.80/bu. On the soybean side, a small 5 million bu. bump in imports to take our 22/23 ending stocks to 215 mln bushels. For the 23/24 soybean balance sheet, it was pretty much plug and play. Steady demand numbers with a large increase in ending stocks from a bigger crop.


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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...