Grain > Commentary > 9-3-2020

9/3/2020

Sep 03, 2020

9/3/2020
Beans got a little more strength today after yesterday's bean sale rumors were confirmed this morning.  There were two bean sales announced of 318,000 metric ton to unknown and 132,000 metric ton to China.  Beans made a new high for the move overnight, then traded lower much of the morning, before finishing a couple cents off the highs up 4 cents.  Wall Street looks a bit nervous today as the DOW made it over 29,000 yesterday, but is currently down 900 points today.  Corn traded lower the entire session today and finished down a nickel.  Tomorrow is a Friday in front of a holiday weekend, so you never know what can happen in light volume trade.  Once the markets close tomorrow, they won't trade again until Monday night at 7:00 pm.  If you want orders working please get them into us.  9.00 and 9.10 new crop beans and 3.10 new crop are the popular targets at the moment.  If those areas sound attractive to you let me know and we can get something working for you.  Those orders cover the overnight session too just in case we happen to spike.
 

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6/11/2026
Jun 11, 2026
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5/12/2026
May 12, 2026
Today was USDA report day.  Old crop corn carryout was pegged at 2.142 billion vs the average trade guess of 2.131 billion.  That is a 15 million bushel increase from the April report.  New crop 26/27 corn carryout was guessed at 1.957 billion vs an average trade guess of 1.933 billion.  The World old crop corn carryout was put at 296.95 million tonnes, vs an average trade guess of 296.33.
2/10/2026
Feb 10, 2026
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