Good Morning, The markets are taking a beating again today as corn trades 5 lower, soybeans 5 lower and wheat 16 lower. Uncertainty continues in the livestock sector due to meat plant closures that are limiting upward movement in prices despite some technical buying....
Good Morning, The USDA released their first corn planting data yesterday afternoon that showed only 3% of the 2020 crop was estimated to have been planted as of Sunday, equal to the same time last year and only 1% lower than the 5-year average . Corn seedings in...
Good Morning, Markets are slightly higher this morning with corn and soybeans up 2 and wheat up 5. Traders will be closely watching today’s unemployment report, the OPEC+ meeting and the USDA midday report. Estimates for today’s unemployment report range between 5 and...
Good Morning, Markets are unchanged this morning in all commodities ahead of tomorrow’s WASDE update. Traders are anxious to see what the USDA does with the corn for ethanol demand side of the balance sheet. This will be the first official report that addresses the...
Good Morning, Positive signs (fewer cases & deaths) have lifted equities and most other macro markets, including modest gains in corn and beans. Wheat is weaker based on better than expected crop conditions. The corn markets seem to be in a “Turnaround Tuesday”...
Good Morning, Markets are higher this morning with corn up 1, beans up 1 and wheat up and wheat up 5 to start the day. OPEC is scheduled to hold a virtual meeting on Monday to discuss a new agreement to reduce output. Traders are expecting some sort of resolution...
