1/4/2024

Jan 04, 2024


The slow grind of the market continued on Thursday with soybeans giving back 4-9 cents but corn found some interest, ending the session slightly higher out to the December 24 contract. March corn spreads were firmer again, today, as well. Trade is still waiting for a story to develop for U.S. corn and soybean demand appears to be satisfied. Wheat rallied today on rumors of more China business. Funds and spec money is content to stay net short until we get something to spark this market higher. News continues to be entirely routine and slow and the market doesn't look like it will do much ahead of next week's report. Weekly ethanol data showed production down 58,000 barrels/day to 1.049 million barrels. Stocks were increased by 100,000 barrels to 23.6 mln bbls.

Corn continues to consolidate sideways/lower towards a potential breakout on report day.

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Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....