Good Morning, My hope was that the end of June would mean better things to for the markets but the first trading day of July is not looking that way. Corn is down 7, soybeans down 12 and wheat is down 8 to start the month. During the month of June, corn was...
Good Morning, Corn is up a couple cents this morning after yesterday’s selloff at the closing. As expected we saw traders add to their short positions in corn and soybeans as they prepare for today’s report. Today’s USDA report, warmer temperatures and month...
Good Morning, Look for the markets to remain quiet today with the next USDA report coming out tomorrow at 11am and with no tariff news expected. Expectations for tomorrows reports appear bearish with estimates that both stocks on hand and acreage will be higher. If...
Good Morning, Corn is up 3 and soybeans are up 9 to start the day. Short term buying or the start of something better is the question. My guess is short term buying as traders begin to position ahead of Fridays report. Average trade guesses for Friday’s acreage report...
Good morning, Slightly higher markets overnight as we see some retracement after yesterday’s big selloff. Corn was up 3 and soybeans up 5 overnight. Crop conditions last night declined slightly from 78% G/E to 77% but it is the fourth highest rating for this week in...
Good Morning, Commodities open with a weaker tone this morning as weather forecasts have changed and tariff news remains unchanged. Conditions have been favorable with the forecast showing rain in the next 5 days for the corn belt. The extended forecasts for the first...
