by garrygard | May 21, 2024 | Daily Insights
Good morning, Markets are softer to open the day with corn down 3 and soybeans down 10. Planting progress moved ahead of the rains and traders are saying it was better than expected by about 3 points. Corn planting progress advanced from 49% to an even 70% complete as...
by garrygard | May 13, 2024 | Daily Insights
Good morning, Markets were softer overnight with corn down 1 and soybeans down 4. Expectations were for minimal changes to both corn and soybean carryout for 23/24 and that is essentially what we saw. The corn carryout was taken down 100 mbu thanks to a 50 mbu...
by garrygard | May 10, 2024 | Daily Insights
Good morning, Corn and soybeans are both trading about 3 cents higher this morning as we await the USDA report at 11:00am. Here are the estimates for today’s report: USDA 2023/24 Carryout (billion bushels) USDA May USDA April Average Estimate Corn...
by garrygard | May 8, 2024 | Daily Insights
Good morning, Corn and soybeans are back to selling mode with corn trading 7 lower and soybeans 9 lower to start the day. The recent rally may not be over, but it is struggling to sustain momentum as planting progress rolls along and we are still in the very...
by garrygard | May 1, 2024 | Daily Insights
Good morning, Markets are mixed to start the day with corn down 2 and soybeans up 3. Argentina’s oilseed workers union lifted their strike Tuesday evening, and this is sending soybean meal sharply lower. Don’t discount future worker strikes as they are...
