Grain > Commentary > 9-3-2020

9/3/2020

Sep 03, 2020

9/3/2020
Beans got a little more strength today after yesterday's bean sale rumors were confirmed this morning.  There were two bean sales announced of 318,000 metric ton to unknown and 132,000 metric ton to China.  Beans made a new high for the move overnight, then traded lower much of the morning, before finishing a couple cents off the highs up 4 cents.  Wall Street looks a bit nervous today as the DOW made it over 29,000 yesterday, but is currently down 900 points today.  Corn traded lower the entire session today and finished down a nickel.  Tomorrow is a Friday in front of a holiday weekend, so you never know what can happen in light volume trade.  Once the markets close tomorrow, they won't trade again until Monday night at 7:00 pm.  If you want orders working please get them into us.  9.00 and 9.10 new crop beans and 3.10 new crop are the popular targets at the moment.  If those areas sound attractive to you let me know and we can get something working for you.  Those orders cover the overnight session too just in case we happen to spike.
 

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3/31/2025
Mar 31, 2025
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3/11/2025
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.  
8/30/2024
Aug 30, 2024
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