by garrygard | Feb 21, 2019 | Daily Insights, Uncategorized
Good Morning, Corn is up 6 and soybeans are up 11 to open the day after traders got acreage estimates from the Ag outlook forum. Corn planted acres for this coming year were estimated at 92 million acres which is up 3.3% from last year’s 89.1 million acres. Soybean...
by garrygard | Feb 19, 2019 | Daily Insights, Uncategorized
Good Morning, Trade is quiet this morning after a three day weekend for traders. Corn is currently down 1 and soybeans are down 4. News this week will continue to focus on the US-China trade, export data and the Ag Outlook Forum. China has trade representatives in...
by garrygard | Feb 14, 2019 | Daily Insights, Uncategorized
Good Morning, Valentine’s Day and there is no “Love in the Market”! Corn is trading 3-4 lower while soybeans are trading 12 lower. Talk this morning of surprise cancellations of US soybean sales to China and unknown destinations has the markets reeling. No...
by garrygard | Feb 13, 2019 | Daily Insights, Uncategorized
Good Morning, We saw some strength in the markets yesterday and are taking some of those gains back today. Yesterday’s rally appears to be the same old “buy the rumor, sell the fact” trading. Rumors that China may buy corn and soybeans as part of a deal with the US....
by garrygard | Feb 12, 2019 | Daily Insights, Uncategorized
Good Morning, Corn and Soybeans are slightly higher this morning on news out of Brazil this morning. CONAB(Brazil’s version of the USDA) estimated their corn crop at 91.652 mmt which is up from their January estimate by 460 tmt. They lowered their first crop estimate,...
