Good Morning, For the first day this week the markets appear to be headed lower. Corn is down 3 and soybeans are down 12 to start the day. With a 3 day weekend on the horizon and funds holding a record long position we should expect some profit taking. The US...
Good Morning, Markets are mixed this am with old corn up 7, new corn down 5 and soybeans down 10. Yesterdays report was a shock to most, but when you look deeper into the numbers the corn market is about 50-60 cents too high given the final stocks...
January 12, 2021 Good Morning, REPORT DAY! Corn is unchanged this morning while soybeans and wheat are up 7 and 8 respectively. Funds are estimated to be long 327,000 corn and 172,000 soybean contracts after yesterdays close. The...
Good Morning, Markets are starting off the week with corn unchanged and soybeans up 7 as traders prepare for tomorrows USDA report. The January 12th Crop Report is out tomorrow at 11:00. The USDA will update the supply and demand as well as the...
Good Morning, Markets are firm again this morning with corn up 1 and soybeans up 11. Strength in the bean market continues to move all markets higher. Rumors of Chinese purchases for July and August shipments are propping the beans up this morning....
Good Morning, Corn and soybeans are trading 4 and 20 respectively this morning. Overnight March and May corn on the CBOT traded above $5 which was seen as a ceiling by many traders. We have blown thru all of the previous ceilings ($4, $4.50, $4.80) so...
