Good Morning, Markets are mixed ahead of today’s USDA report. Trade is anticipating record corn and soybean yields that will increase stocks. Corn is down 1 and soybeans are up 2 as support levels are challenged in both commodities. Whether or not corn support levels...
Good Morning, Corn saw some pre report positioning again yesterday and this morning as it closed down -.02 yesterday and is down 2 today. USDA progress report yesterday afternoon estimated corn harvested progress at 34% complete vs last week at 26%, compared to the...
Good Morning, Weaker markets this morning with corn and beans both trading 3 lower to open the week. Last week the funds reduced their short position in corn by 75,000 contracts. The decrease in funds short position last week is outweighing the wet Midwest weather. I...
Good Morning, Weather finally appears to be getting the attention of traders as harvest delays continue across the Midwest. With forecasts for rain thru the middle of next week for the majority of the upper Midwest we are seeing the funds cover some of their long...
Good Morning, Corn and soybeans are both up 1 to start the day. Export sales released this morning showed corn at 56 million bushel which is down from last week but well above the ten week average of 27 million. Soybean exports also came in at 56 million bushel which...
Good Morning, Commodities are unchanged this morning with a lack of follow through buying after a couple days of higher trade in the corn and bean markets. There has been some technical buying and short covering after Monday’s news of Canada and the US coming to an...
