Jun 21, 2024

An interesting week of trade comes to a close with corn down 3-4 and soybeans 1-7 higher.  This week really felt like the price action was not at all connected to the actual commodities and their fundamentals.  There has also been no market moving headlines to trade for quite a while which typically puts the market on the defensive.  I expect to see the market take some corrective action going into next week's big reports.  The weekly export sales report showed some decent totals for corn and soybeans with both totaling over 500k tonnes.  There was also a small bump higher in new crop sales compared to what we have become accustomed to seeing.

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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...