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February 15, 2024

Good morning,   Corn is down 2, soybeans are down 3 and wheat is down 4 to start the day.   The USDA estimated 2024 U.S. corn plantings at 91.0 million acres in their Ag Forum commodity outlook this morning, down from 94.6 million acres in 2023; yields are...

February 14, 2024

Good morning,   Corn opened 4 lower, soybeans 3 lower and wheat 15 lower to start the day. The USDA AG Forum data is supposed to be bearish today with higher carryout for corn, beans and wheat.  For me the most interesting part of this report will be the planted...

February 8, 2024

Good morning,   Corn is unchanged and soybeans are up 15 to start the day ahead of the USDA report.   This morning Conab cut their official 2023/24 Brazilian soybean production estimate from 155.2 to 149.4 MMT, with corn down from 117.6 to 113.7 MMT; second...

February 7, 2024

Good morning, Markets are falling again this morning with corn down 5 and soybeans down 11. Rains arriving in Argentina and chart-based selling by AI trading have markets weaker.  Corn was weak all day yesterday and has made a new low this morning. Argentine rains...

February 6, 2024

Good morning, Corn is down 3 and soybeans are up 3 to start the day. AgRural reported Brazilian center-south corn planting at 27% complete, up 11% on the week and the fastest pace since record began in 2013. The soybean crop is 16% harvested, up five points on the...

January 30, 2024

Good morning,   Markets are higher to start the day with corn up 4, soybeans up 10 and wheat up 2.   The weather remains hot and dry in Argentina but has had no bullish impact.  Yesterday some beans were bought out of the Southeast US from Brazil.  Brazilian...