6/12/2024

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.

Read More News

Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....
Aug 12, 2024
The USDA's August WASDE report gave the market more than just a snack to chew on. We are finally seeing some official numbers get hashed up after a planting season that had many wondering about acres. The report...