Market Commentary

I am traveling this week, so morning comments may be briefer than normal. As expected, decent planting progress was achieved last week planting corn.  Nationwide we reached 8% complete, compared with 3% last year and a 5-year average of 5%.  Texas only moved forward 4% last week but stood at…

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I am traveling this week, so morning comments may be briefer than normal. Grain and soy markets posted a semi-impressive recovery for the close last Friday and have tried to extend the positive enthusiasm to kick off this new week with varying degrees of success.  While I do not believe…

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While beans have managed to hold onto some strength, the gold star for a positive performance this week has to be awarded to the spot corn market.  After posting an outside higher reversal on Monday, we have seen this contract poke in higher highs each day this week and have…

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While it would not qualify as anything you would feel compelled to write home about, export sales for beans did recover some last week.  The total was more than double the previous week and is 17% above the four-week average, with a net of 364,500 MT or 13.4 million bushels. …

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After a tweak here and another tweak there on the domestic supply/demand tables, the USDA left carryout figures for corn and beans unchanged from last month but did bump the wheat 30 million bushels higher.  They did trim their Argentine corn production estimate 3 million to 37 MMT and took…

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