May 30, 2024

There just has not been anything to help the bulls out this week. May’s rally had been leaning on U.S. planting pace and the Russian wheat story. At this point, any type of delayed planting story has been priced in and out of the market and any issues with Russian wheat supply have also been factored in. Right now, the only type of story with some potential to ignite a rally would be weather in Brazil. Analysts are watching conditions in the southern half of the country as their forecasts show some stubborn dryness but it also wasn't very long ago, we were talking about extreme flooding in the same areas. Weekly ethanol data showed production up 49,000 barrels/day to 1.068 mln bbls and stocks off 1 million barrels to 23.2 mln bbls.

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Jun 20, 2024
The mid-week holiday gives the market a second case of the Mondays this week. After some recovery in the previous session, the grain complex just could not find a footing on Thursday. Wheat and soybeans were hit the...
Jun 17, 2024
Down hard across the grain complex to begin the week.  Corn finished 6-7 cents lower and soybeans closed 16-22 cents lower.  It's no secret that there is a variety of little things not perfect with the corn crop.  The...
Jun 14, 2024
Grains were negative in overnight trade and weakness continued to build throughout the day. Corn gave us a very brief look at some 1 cent higher trade this morning before flipping back to the red. Corn basis and spreads...