Jun 10, 2022

Not too much excitement in this month's WASDE report but a surprising finish on the board given the fresh information.  The USDA maybe gave us the first sign of demand destruction in corn (high prices cure high prices) with a 50 million bushel cut to this year's corn export estimate.  Results overall were a net increase of 45 million bushels to this year's ending stocks.  Soybean exports were increased 30 million bushels which was also the net change in this year's ending stocks.  This was slightly friendly compared to the pre-report trade estimates.  The doom and gloom over the soybean crop in South America is all but over, the USDA added approximately 80 million bushels to their S.A. production estimates for this year.

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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...