Aug 17, 2021

Overnight trade was two-sided but quiet and faded lower throughout the day session.  Yesterday's drop in good/excellent crop condition ratings of 2% in corn and 3% in soybeans was unexpected but did not shock trade.  ProFarmer tour is making its way through Nebraska and Indiana today and early reports are showing some impressive crops out there and receiving most of the credit for the sell pressure on the market today.  USDA made a couple 8am sales announcements this morning with 198,000 tonnes of soybeans to China for the 2021/22 marketing year and 132,000 tonnes of soybeans to unknown also for the 21/22 marketing year.  Weekly export inspections from yesterday were just snuck in just above the bottom estimates with 667k tonnes of corn and 114k tonnes of soybeans inspected.  Both are close to the pace needed to meet the USDA's yearly target but have fallen off drastically over the past month.

Read More News

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...