Grain > Commentary > 12-22-2023

12/22/2023

Dec 22, 2023

A very uneventful day of trade to take us into the holiday weekend.  Corn floated back-and-forth, keeping within two cents of unchanged throughout the day.  It was option expiration day for January soybeans and it appeared that there was an agenda in place to make sure January soybeans were pinned at, or near, 1300 at the close.  We did trade to 11 cents higher overnight.  It was an extremely quiet day with no new headlines or USDA announcements.  We finish with corn ranging from fractional to 1 cent higher and soybeans gaining 2-5 cents.  Markets will now remain closed until 8:30 Tuesday morning.

Corn consolidating towards a breakout on our final production report day in 3 weeks.

Read More News

8/30/2024
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...
8/23/2024
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....
8/12/2024
Aug 12, 2024
The USDA's August WASDE report gave the market more than just a snack to chew on. We are finally seeing some official numbers get hashed up after a planting season that had many wondering about acres. The report...