Good Morning, Futures are trading lower this morning after yesterday’s Turnaround Tuesday that saw wheat post its biggest 1 day gain in 7 months. Part of the rally was sparked by the strength in the cash basis for hi-pro wheat from mills. The turnaround helped futures...
Good Morning, Corn continued its slide yesterday with wheat pulling it lower and no trade news and export inspections lighter than expected. Weekly corn inspections came in at 765,618 MT for the week versus expectations of 900,000 MT. Reports out yesterday afternoon...
Good Morning, Quiet markets this morning as we end the week. On the week we are down 7 cents in corn and 7 cents in soybeans. Wheat has been the big loser this week down 16 after yesterdays close. Funds have added a massive 35,000 contracts to their short corn...
Good Morning, Futures are lower this morning as traders are becoming impatient with just hearing about progress in the negotiations between the US and China and want to see a signed deal before they consider changing their position in the markets. The USDA will be out...
March 6, 2019 Good Morning, Trade was higher yesterday, with much of the day up two-three cents. Several reports will be coming out over the next three days. Today we’ll see prior week ethanol numbers, tomorrow the USDA export numbers, and a monthly stocks report on...
Good Morning, The markets tried to rally yesterday but came into some trouble with a week stock market and a continued bearish sentiment. Farmer sales were heavy yesterday on the rally as a lot of cash is needed with bills pilling up and Spring right around the...
