Sep 21, 2021
Corn lower and beans stronger throughout the overnight and day sessions. Soybeans found no willing sellers below the 200-day moving average during the day session, triggering technical buying and a solid bounce to an 11 cent higher finish. A lack of any fresh news in corn resulted in continued risk-off and a close of 4 cents lower on the board. Yesterday's weekly crop progress report showed the crop maturity and early harvest is progressing relatively normal to average across the U.S. We will continue to see technical buying and some bounces higher on the daily charts but we will likely continue on our seasonal trend lower. NOAA 7-day weather outlooks will put pressure on the markets as long as they favor corn drying and field work. In our local area, we expect to be close to full harvest by the weekend.
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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...