Good Morning, The markets were quiet overnight after yesterday’s selloff with corn unchanged and soybeans down 2. What is being viewed as positive news at the end of yesterday’s trade was comments from the Chinese delegation that said they will travel to the US this...
Good Morning, Oh how a weekend can change the direction of the markets! When we left on Friday all things pointed to higher markets this week, with forecasts for wet weather in the 10-15 day stretch and talks between the US and China making significant progress and...
Good Morning, The markets are trading both sides of even in corn and up slightly in soybeans. Yesterday was a bad day in the bean markets. The demand destruction from China is crippling this market. The word is that China will lose 40% of its pork production due to...
Good Morning, Quiet markets overnight as corn was up a half and soybeans were up 1. We saw early support in the market yesterday with a two week forecast showing cooler and wetter weather, but the record short position for traders continued as they sold off and the...
Good Morning, Markets opened lower again this morning as the funds continue to drive the market by adding more short positions as weather provides no issues for planting. The funds combined position in corn, wheat and the bean complex is currently short 650,000...
Good Morning, Corn made new contract lows yesterday and took out the low from two weeks ago. The lower trade has been influenced by a forecast. The outlook for the majority of the Midwest looks to be conducive to getting some field work done over the next several days...
