Aug 25, 2023

Soybeans complete another day of firmly higher trade with double-digit gains and more strength in spreads while corn continues to be stuck sideways with spreads weakening. The USDA lit the lamp at 8 a.m. this morning confirming the sale of 121,000 tonnes of soybeans to China for delivery during the 2023/24 marketing year. ProFarmer completed their tour yesterday and found a fair amount of variability in the crop that was mostly as expected. We trade headlines and every year we trade the same weather headlines when it comes to the U.S. growing season. It's always too dry here, too wet over there, too hot in this place, or too cold at that place. Overall, the tour found a crop similar to last year and history tells us that this tour is typically very conservative in their corn yield estimates.

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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...