Grain > Commentary


Mar 25, 2022

A firm finish higher in the markets to take into the weekend.  We get our first set of fundamentals to trade next week for the 2022 U.S. crop with some acres intentions with several thinking corn acres will be lost to soybeans and wheat.  Corn is still in the midst of a price rally going back to August 2020 so I can't imagine corn losing too many acres that are already established.  Corn is king.


Mar 24, 2022

Higher at the start of overnight turned lower after the first couple hours of trade.  No big changes fundamentally but the weekly export sales report came in with some lighter numbers and buoyed trade that was already down.  Corn sales were on the low end of trade estimate with 979.5k tonnes sold and soybean sales underperformed with 412.2k tonnes sold versus at 500k tonne minimum trade guess. 


Mar 23, 2022

The markets move higher in a big way overnight with trade starting to look at lower corn acres in the US for 2022 and Ukraine estimating it will plant 8.1 million acres of corn this year versus 13.3 million acres last year. Soybeans were up double digits responding to margins in the crush near $2/bushel synthetically. Corn traded 10-15 higher but conceded most of those gains and finished 2-5 cents higher on the day.


Mar 22, 2022

A much quieter day of trade than what we have become accustomed to seeing. Daily highs were set overnight corn and soybeans and we were well off of those marks going into the coffee break. There was no initial burst either direction when the market re-opened at 8:30am and we drifted sideways/lower throughout the session all the way to market close.


Mar 21, 2022

A slow start at the overnight open turned into a grind higher throughout the session.  Daily highs were set around mid-day and faded lightly from there into the close.  Markets were off at the end of last week following what looked to be a progress in peace between Ukraine and Russia but the fight is raging on and so are our markets. 


Mar 18, 2022

Volatility continues to wind down in what was likely the lightest trading volume day we've had thus far in 2022.  Corn traded a 10-15 cent range and soybeans 15-35 cents to finish the week in mixed fashion but relatively close to unchanged.  Trade all week was choppy and sideways as the market action did not necessarily reflect any news headlines or fresh fundamentals as both were very limited other than routine reports.


Mar 17, 2022

Corn and soybeans bounce back after spending a few days deep in the red.  This should be viewed more as a technical bounce as we didn't have any big fundamental changes since yesterday.  Simple money flow: overbought on the short term turned into oversold on the short term.  Front months for corn and soybeans climb back above their 10-day moving averages which has been support for much of the past month.


Mar 16, 2022

Over the prior 3 weeks, we have seen an absurd amount of money pumped into the grain trade by spec, investor, and managed sources.  A move that was put into motion by increased tensions between Russia and Ukraine and, ultimately, an armed conflict between the two.  Now with headlines reading there's a possibility of real peace between the countries, the risk premium put into the price of corn, soybeans, and wheat is evaporating.


Mar 15, 2022

Trade was virtually lower throughout the entire day but corn and soybeans managed to finish 10-20 cents above their lows.  Wheat posted big double-digit gains in all classes as it continues to digest the Russia/Ukraine situation.  Fresh news was very limited today with no 8 a.m. sales announcements from the USDA or other official reports.


Mar 14, 2022

Corn and soybeans were higher for a portion of the trading day but finished solidly in the red.  Any fresh news is limited and we continue to re-hash the Ukraine/Russia situation and its effects on global grain movement with a lot minds thinking that Ukraine will have almost no crop to offer in 2022.

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