Sep 21, 2020
Today was correction day. Corn and beans traded slightly lower on the overnight, but trended lower the entire day. It feels like this correction was overdue and a setback here is rather healthy for the markets. $10.00 November futures is likely in the cards this week as we will see our first real week of harvest pressure. Weather looks ideal for harvest for the next 14 days as we remain above normal on temps and below normal on moisture. The 3:00 ratings had corn up 1% good to excellent and beans unchanged. Corn is 8% harvested and beans are 6% harvested. The USDA announced 132 mt US soybean to China, 171 mt US soybean to unknown and 132 mt US soybean to Pakistan. The Dow was down nearly 1,000 points at the time of the grains close, but has closed down 500.
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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...