Good Morning, Corn is trading 2-3 higher this morning after talks yesterday that China had stepped up and booked its first purchase of US corn. Corn prices have risen despite fund managers increasing their record net short position. The USDA confirmed yesterday’s...
Good Morning, Quiet markets to open the day with corn up 1 and soybeans down 2. Yesterday’s weekly ethanol report had production down 1000 bpd to 1.0 million as stocks jumped 681,000 barrels to 24.41 million barrels. Tjhis morning export sales for the week ending 3/14...
Good Morning, Corn and soybean markets are steady this morning after the funds added to their short position yesterday. The funds currently sit short 259,000 contracts of corn, 85,000 contracts of soybeans and 75,000 contracts in the wheat market. Flooding in...
Good Morning, Futures are trading lower this morning after yesterday’s Turnaround Tuesday that saw wheat post its biggest 1 day gain in 7 months. Part of the rally was sparked by the strength in the cash basis for hi-pro wheat from mills. The turnaround helped futures...
Good Morning, Corn continued its slide yesterday with wheat pulling it lower and no trade news and export inspections lighter than expected. Weekly corn inspections came in at 765,618 MT for the week versus expectations of 900,000 MT. Reports out yesterday afternoon...
Good Morning, Quiet markets this morning as we end the week. On the week we are down 7 cents in corn and 7 cents in soybeans. Wheat has been the big loser this week down 16 after yesterdays close. Funds have added a massive 35,000 contracts to their short corn...
