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June 24, 2024

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...

May 24, 2024

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...

May 21, 2024

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...

May 13, 2024

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...

May 10, 2024

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...

May 8, 2024

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...