Grain > Commentary > 9-7-2023

9/7/2023

Sep 07, 2023

Corn and soybeans were stuck in lower trade in a very quiet Thursday.  Corn was uneventful with closes ranging from unchanged to down 1 cent on the day.  December 23 corn was the sole higher finish with a 1/2 cent gain.  Soybeans saw the remaining fresh length from the beginning of the week squashed out of the market, trading two-week lows and finding some basic technical support at the 50-day moving average.  Soybeans closed with 8-16 cent losses.  Weekly ethanol data showed production rising 5,000 barrels/day to 1.012 mln bpd.  Stocks were up slightly on the week.  Despite several of its own loading facilities damaged, it is reported that Ukraine has begun to export grains through Croatia.  Early dryland yield reports out of Kansas and Nebraska give no indications of a crop disaster.

Read More News

3/11/2025
Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
8/30/2024
Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
8/23/2024
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....