Grain > Commentary

6/15/2022

Jun 15, 2022

Trade was mixed for a majority of the day with 9-16 cent ranges in corn and 14-23 cents catching most of the ranges in active soybean months.  We did see corn and soybeans trade around 10 cents higher momentarily but action was mostly muted, hanging within 2-3 cents of unchanged.

6/14/2022

Jun 14, 2022

Grains tried to show some strength overnight with corn suspended 1-2 cents higher while attempting to benefit from some strongly higher trade in soybeans.  Soybeans were sold off shortly after the 8:30 open and corn flipped lower this morning with both following the weakness in wheat.

6/13/2022

Jun 13, 2022

Corn and soybeans were higher to kick off overnight trade but flipped lower around 7 a.m. following broad sell-off in multiple market places that included commodities, stocks, and indices. The liquidation also follows a weekend of near ideal growing conditions that combined heat, humidity, and scattered rainfall across a majority of the grain belt.

6/10/2022

Jun 10, 2022

Not too much excitement in this month's WASDE report but a surprising finish on the board given the fresh information.  The USDA maybe gave us the first sign of demand destruction in corn (high prices cure high prices) with a 50 million bushel cut to this year's corn export estimate.

6/9/2022

Jun 09, 2022

Corn and soybeans lower overnight gave way to very firm buying on the front end with large gains mostly exclusive to the July corn and soybean contracts. The USDA announced the sale of 143,000 tonnes of soybeans for delivery to unknown this morning, with 142,500 tonnes to be delivered in the 2022/23 marketing year

6/8/2022

Jun 08, 2022

Higher from the start overnight with spec money flooding in, mostly interested in buying the front months.  Best described as somewhat "panic" buying following another night of some extremely severe weather in Nebraska and now talks of "ridging" bringing extra heat in June.

6/7/2022

Jun 07, 2022

Movements were mirrored in corn and soybeans overnight with corn trading steadily lower and soybeans steadily higher.  Buying interest came alive around the 7:30 hour sending corn and soybeans both sharply higher despite a better-than-expected crop planting progress and condition report for corn.

6/6/2022

Jun 06, 2022

Trade was all about headlines today.  Corn picked up double-digits out to July 2023 and soybeans finished 1-7 higher after a day of mixed trade.  Wheat was sharply higher from the start last night, carrying corn and soybeans with it during the overnight session after it was reported that Russia had executed a targeted strike on a major Ukrainian grain export terminal.

6/3/2022

Jun 03, 2022

Corn and soybeans attempted to trade higher overnight but time spent in the green was limited.  Soybeans were sold off going into the weekend following Thursday's big gains with the August contract finishing near the middle of its range for the week. 

6/2/2022

Jun 02, 2022

Corn managed to mostly stop the bleeding today and traded inside the range of 9-12 cents.  Soybeans bounced back in a big way during the day session after the USDA announced the sale of 352,000 tonnes of soybeans for delivery to Pakistan with 55,000 tonnes delivered in 2021/22 and 297,000 tonnes delivered in 2022/23.

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