Aug 12, 2022
The USDA gave trade the numbers they were looking for in corn yield but sent shockwaves through the market on the soybean side, printing a record yield and production numbers for the 2022 crop. Soybeans flipped from 13 higher to 20 lower almost instantaneously at the 11 a.m. report time and corn retreated about 13 cents. Trade had recovered to pre-report levels, and higher, by the closing bell to finish the week strong. Weather was likely responsible for getting us to bounce back as the 6-10 and 8-14 trend drier.
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Sep 20, 2023
Corn and soybeans reverse fortune to come back. After trading a fresh low, corn flipped the script to close 4-6 higher on the day after running into the 20-day moving average. The 20-day MA has been a spot of resistance...
Sep 19, 2023
The markets were extremely uneventful on Tuesday. Trade was two-sided throughout the session and 10 cents or less covered the ranges in both corn and soybeans. Weekly crop progress showed the corn and soybean crops...
Sep 18, 2023
A bit of an ugly start to the week for corn, soybeans, and wheat. Corn and soybeans held steady/sideways throughout overnight trade but immediately broke support at the 8:30am opening. Corn finished 4 lower where...