May 4, 2023

Good morning,   Markets have turned and are trading lower after yesterday’s nice rally. Corn is currently down 7 while soybeans are down 9 and wheat is down 7. Yesterday’s reversal in the markets was a result of “attempted attacks” in Russia. Russia accused...

May 2, 2023

Good morning,   Markets are mixed this morning with old corn up 2, new corn down 2 and soybeans up 3.   Corn planting progress rose from 14% to 26% this week, double last year’s pace and right in line with the five-year average; corn emergence doubled from...

May 1, 2023

Good Moring, Old crop corn is unchanged while new crop is down 5 to start the day. We saw a significant selloff in corn last week with May futures closing 27 cents lower, July futures closing 30 cents lower while December closed 20 cents lower. As of Friday afternoon,...

April 26, 2023

Good morning, Weaker markets again this morning as corn opened 3 lower while soybeans and wheat are both 2 lower. Russia says they have little to no interest in renewing the Black Sea grain agreement with Ukraine. The current deal is set to expire May 18th. Ukraine is...

April 25, 2023

Good morning,   Grain markets are taking a hit this morning with corn down 4, soybeans down 20 and wheat down 12 to start the day. The market broke down yesterday when China cancelled slightly more than 12 million bushels of corn purchases from the US.  Brazilian...

April 17, 2023

Good morning, Corn is down 4 while soybeans are up 10 to start the week. Given the recent change in weather one would have expected the opposite coming into this morning. The US planted somewhere between 15-20% of the corn crop and 5% of the bean crop in the last week...