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The weather in South America continues to be crop friendly and Brazil is posting offers well below us starting in March. That puts a definite window closing for our export market. Domestic demand rema...
It looks like beans will have a tough time gaining ground as the weather in South America continues to be non- threatening. The export window will start closing in a couple of months as SA starts thei...
The USDA will release their December crop report this Tuesday. Most traders are calling this report a non-eventful event. However, we have all seen these little reports carry a big stick at times.
We continue to see some large export sales including a couple of bean sales to unknown on Friday that totaled over 36 million bushels. We are ahead of schedule on both corn and bean sales, but our win...
Last week corn gained a couple cents while beans lost 15 cents. Every marketing year is different and right now this year may be way different. Best keep your pencils sharp.
Last week bean oil was the mover that took beans higher and this week it was the mover that took the bean market lower. Concerns over the biofuel program and crop friendly weather in South America tea...
A lot went on last week with the elections and WASDE report that came out Friday. There were fears somewhere in all of this they might break the markets lower. However, we ended the week nicely higher...
We saw a quieter week in the grain markets last week. Large export sales helped the corn market offset talk of a higher yield once everything is done and put away. Basis levels improved some as the ha...
There is currently a wide spread of basis levels. Northern Iowa plants are paying a premium for nearby delivery as harvest has wrapped up and producers are holding their stored grain. Down south, in o...
We are seeing some harvest price pressure as this huge crop moves to town. Storage space may become an issue as farm bins fill and the balance heads to town. This past week we lost 11 cents on Decembe...
