Good Morning, Markets are higher to start the week with old corn up 2, new corn up 6 and soybeans up 18. Thursday’s trade was kind of a mess in the spread trades between a whole host of commodities. Post report trade can make some weird things happen as a lot...
Good Morning, REPORT DAY! Nothing but today’s report on the mind of traders. Here are the estimates heading into the report: March Quarterly Stocks (billion bushel) March 2021 Ave. Est. March 2020 Corn 7.701 7.767 7.592 Soybeans 1.564 1.543 2.255...
Good Morning, Markets are lower this am with corn down 6 and soybeans down 5 to start the week. Going into the crop report, the funds are still holding a hefty amount of corn futures, not very far from the record amount they owned in January. Traders...
Good Morning, Markets are mixed this am with corn up 1 and soybeans down 1. Most of what is going on here is end of month, end of quarter and pre-positioning for the US crop report next Tuesday. The Funds did clear out a sizable amount of position...
Good Morning, Softer markets this morning with corn opening 6 lower, soybeans 15 lower and wheat down 12. Crude oil continues to drop and has been trading sub $60/barrel for the last few days. Covid outbreaks in Europe and the blockage of the Suez Canal...
Good Morning, Corn markets is unchanged and soybeans are up 5 to start the day. Crude oil is off sharply which and had some traders very nervous that we may see a selloff in other commodities. Last Spring when Covid shut down the World economy, it all...
