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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Apr 24, 2024
Profit taking was the feature of corn and soybean trade after corn rallied 20 cents and soybeans rallied 46 cents over the past week.  Spread correction was also seen today with May price spreads widening back out 1-2...
Apr 23, 2024
After struggling a bit on the tail end of overnight trade, corn and soybeans traded steady higher and looked their most firm heading into today’s close. After chugging higher for a third consecutive day, we viewed some more...
Apr 22, 2024
Some really nice follow-through after Friday's recovery resulted in some key technical signals for trade. Each pullback throughout the day was met with some fast buying. Corn and soybeans followed wheat's lead. Wheat...