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...
Good Morning, Markets are firm this morning with corn up 15, soybeans up 27 and wheat up 14. Rumors that China is booking corn and soybeans started the rally last night that has rolled into todays trade. Chinese purchases are due to the slow harvest pace...
Good Morning, After a massive selloff last Friday and mixed trade overnight, the markets opened stronger this morning. Corn is currently up 8, soybeans up 22 and wheat up 6. If nothing else, Friday’s selloff should be a reminder to those that are long the...
