Jun 12, 2024

In true USDA fashion, the market was given absolutely nothing to trade with the WASDE report.  It was as pure of punt as you can get and the market reacted accordingly with some dull trade following the report release until corn made a late session push to finish 1-5 higher.  U.S. balance sheets remained unchanged for 2023/24 and 2024/25 with exception of 23/24 soybean crush lowered by 10 million bushels, which trickled all the way down to the 24/25 ending stocks increasing by 10 million bushels.  South American production forecasts were left mostly unchanged with the exception of Brazil soybean production being lowered by 1 mmt.

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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...