by garrygard | Jun 24, 2024 | Daily Insights
Good morning, Markets are down 7 in corn and up 35 in soybeans this morning. With the key Stocks and Acres update on Friday, we could see some short covering later this week. I do expect a lower crop rating this afternoon, but nothing severe. The weather forecast into...
by garrygard | May 24, 2024 | Daily Insights
Good morning, Markets are quiet to start the day with both corn and soybeans up 1 cent. The direction of the grain markets is starting to change slightly as planting progress figures track near average and concerns around a 2019 type situation dissipate. While the...
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...
