Good Morning, Mixed markets overnight as old corn was up 1 and new corn down 1. Soybeans were up 11. USDA stocks report will be released at 11am today and all estimates are for lower carryout in corn and soybeans. I believe yesterdays strength was positioning...
Good Morning, Stronger markets to open the week with corn up 7 and soybeans up 10. The United States exported $28.75 billion of agricultural goods and related products to China in 2020, data from the U.S. Department of Agriculture showed on Friday, missing the $36.5...
Good Morning, Markets are 2 higher in corn, 10 higher in soybeans and 7 higher in wheat to open the day. Crude oil is up 40 and US stocks are up 130. The 1.9 trillion dollar aid package passed the US Senate dropping the dollar and sending...
Good Morning, Markets were stronger overnight but have opened lower this morning. Corn and beans are down 3 and 5 respectively. Weekly export sales came in at a near record 292 million bushel for corn. Actual sales lived up the hype with 7,436,500 mt of...
Good Morning, Markets are lower to start the day with corn down 4 and soybeans down 10. Looking at the positions, the funds are incredibly long corn. The long position of 400,000 is back towards a record. Price risk is very high in corn, similar to when beans were...
Good Morning, Word of the day or should we say days = VOLATILITY!! The corn market opened 10 higher this morning and in less than 30 minutes is trading 2 higher. Soybeans traded 18 higher and are now down 10! I look for these huge swings to continue for a while until...
