After ending last week on a high note, corn and soybeans drifted lower for the second consecutive session. Corn stayed within 3 cents of either side of unchanged, finishing 1-3 lower. Already trading lower on the day, soybeans...
Corn lower and soybeans higher to begin the week. With the market focused on Argentine crop ratings and weather, trade was aggressive in buying soybeans early in the session on Monday but had given back...
Corn and soybeans continued their recovery on Friday. After trade held steady near unchanged during the overnight hours, 8:30 brought with it the beginning of today's climb back up the hill. From the recent lows printed at the beginning of the week, corn has recovered around 20 cents and soybeans about 40 cents going into the weekend. The USDA remains silent at 8 a.m. but enough business has been getting done this week that next week's weekly export sales report may provide some sort of indirect confirmation if we don’t see anything sooner.
Soybeans started the session in the green and steadily traded higher throughout the day, recovering 10-15 cents of its recent 60-cent downfall over the past week. After setting some fresh lows for the move this morning...
Not a good day in the grain markets today. Corn support was at 6.35 futures and the market failed to hold that level and finished at the lows of the day at 6.30. That opens the door for some more downside pressure down to the gap we have sitting at 5.95 futures. My fingers are crossed that we can find some exports at these lower prices, which might get us to bounce back in the coming weeks.
Grains saw some brief trade higher during the overnight hours but quickly gave away to selling after the 8:30 re-opening. With very little fresh news available for corn and soybeans, wheat was the price leader today...
Corn continued on its path lower during the Friday session, including the December 23 contract printing its lowest mark since mid-August. Soybeans attempted to sustain some higher trade throughout the session but...
Corn was down double-digits on some of the biggest volume we've seen so far this year. The May contract gave away 15 cents on 258k contracts traded, the largest single-day volume for this contract. Soybeans settled...
Thursday's trade was featureless and, overall, extremely quiet for corn and soybeans. Ranges were relatively tight and we spenting most of the day bouncing back and forth between 1-2 cents higher or lower throughout...
After a quick visit to the top side of our long-term trading ranges to start the week, corn and soybeans continued to reverse lower on Wednesday. The general up and down, day-to-day price action continues across the...