Main
Utilities
Agronomy
Announcements
Services
Seed
Fertilizer
Precision Ag
Financing And Crop Insurance
Answer Plot®
Agronomy Team
Energy
Propane
Order Propane
Lubricants
Refined Fuels
Order Fuels
Energy Market News
Racing Fuels
Energy Team
Feed
Feed Mill Services
Livestock Feed Products
Bird Seed
Order Feed
Supplies
Feed Team
Grain
Cash Bids
Futures
Future Details
Ag Commentary
Contract Options
Glacial Plains Commentary
Grain Team
Harvest Policy & Discount Schedule
Stewart Peterson Commentary
Retail
C-Store
Feed Supplies
About
Careers
For Sale
Our Mission
History
Board & Leadership
Health Insurance
GP App
Community Involvement
News
Ag Newswires
Weather
Locations
Contact Us
Mobile Markets
Resources
Grower360
Search for:
Weather
Locations
Contact Us
Mobile Markets
Grower360
Grain
>
Commentary
>
5/19/2022
5/19/2022
May 19, 2022
Print
Share
Facebook
Twitter
Email
Corn traded 2-8 cents on either side of unchanged to finished mixed on the day from 4 lower to 2 higher after pulling itself off of intraday lows to capitalize off the strength in soybeans. Soybeans shook off the overnight weakness and held its large gains on the day with credit given to a good week of export sales and strength in meal. Old crop soybeans sales exceeded expectations with 753k tonnes sold vs 500k tonne high trade estimate. Corn sales were on the high end of the trading range at 435k tonnes. While many commodities and market spaces enjoyed somewhat of a "rebound" day after large sell-offs this week, the dark cloud hanging over everything right now is likelihood of economic recession. History shows us that commodities do not perform well during recessions and right now it’s not matter of "if," it's "when" the recession hits. The December 2022 corn contract is correlating extremely well with the Dec 2008 contract. That year, Dec corn peaked at 799'2 in late June and was trading below 350'0 by Thanksgiving. With farmers, end-users, and exporters all leaning very bullish, now is not the time to be complacent. Prevent plant is a popular topic right now but be realistic about the size of crop you will truly have.
Big improvement in the grain belt over the past 2 months.
Read More News
7/1/2022
Jul 01, 2022
There was a brief attempt to trade in the green overnight but corn and soybeans gave way to weakness early on. That weakness turned into some harsh liquidation in soybeans that featured some 60...
6/30/2022
Jun 30, 2022
Corn sharply lower and soybeans pull themselves out of the gutter to finish in the middle of 40-50 cent ranges. Trade averages nailed the corn stocks, corn acres, and soybeans stocks in today's...
6/29/2022
Jun 29, 2022
Trade worked toward some final positioning ahead of tomorrow's stocks and acres reports. Corn saw a relatively modest 10-11 cent range throughout the day to mostly lower. Today was first notice...