April 6, 2021

Good Morning   Markets are mixed this morning with old corn up 3, new corn down 3 and soybeans up 8 across the board.   NASS rated the winter wheat good/excellent at 53% this week vs 62% a year ago.  U.S. Spring Wheat planted was 3% versus 3% a year ago, 2%...

April 5, 2021

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...

March 31, 2021

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...

March 29, 2021

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...

March 26, 2021

  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...

March 25, 2021

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...