Jul 11, 2023
Trade on Tuesday was rinse-and-repeat from Monday; corn steady from 1-2 higher and soybeans making a double-digit jump higher as we wait on some fresh fundamentals from the USDA tomorrow. U.S. crop conditions improved better than what was expected for corn, coming in at 55% good/excellent (53% trade, 51% week ago, 64% year ago). The soybean crop also improved to 51% good/excellent (52% trade, 50% week ago, 62% year ago). A majority of the grain belt saw their g/e ratings increase, most notable was the state of Nebraska which saw a 13-point improvement in corn and a 12-point improvement in soybeans. Reminder: tomorrow's report will use the new acres numbers from the June quarterly report. Trade is expecting the USDA to lower corn and soybean yields. The July edition of the WASDE is typically one that is a bit of a snooze fest but there's always the potential for a surprise when the USDA is involved.
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Nov 27, 2023
Corn and soybeans begin the week down as lower continues to be the path of least resistance. Grains as a whole were largely weaker with wheat double-digits lower and corn finishing with 5-7 cent losses and new 2 1/2...
Nov 22, 2023
Once again, soybeans were the price leader but trade was in heavy risk-off mode in soy. Corn and soybeans bounced around between 1-3 cents lower overnight before selling took over after the morning break. Rains...
Nov 21, 2023
January soybeans have now traded a sixty-cent range over the past two days which includes their lowest quote since November 3 and also trading within a dime of the 3-month highs set just last week. Today's session...