Sep 30, 2021
The USDA surprised the market today with increases in the ending stocks for the 2020/2021 corn and soybean crops. Last year's soybean acres, yield, and production were all increased resulting in an 81 million bushel increase to the ending stocks. Corn acres, yield, and production all decreased but a cut in feed/residual use resulted in a 50 million bushel increase to the ending stock number. Wheat ending stocks were friendly with most figures coming in below estimates and helped cap losses in corn and soybeans for the day.
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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...