Grains stabilize after the four day slide March 1, 2023
May corn finally stabilized after the prior four day slide peeled off 44 cents. Today's close was right back to the 636 3/4 low from December that was key support for bulls to hold. A slight premium today was added with Russia's rhetoric and rumors that China may have bought some US corn. Argentina weather remains a problem. The trade still has overall concern about old crop export sales and new crop supplies ahead with no 2023 weather issue of concern yet.
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Post Archives
Allendale Insider
Allendale Insider
On The Go
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Livestock begin to question, when is enough enough?
November 28, 2023
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Corn posts new lows. Argentina could offset Brazil’s light production hit.
November 28, 2023
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Traders wait for clarity on Brazilian weather. Corn and wheat post new lows.
November 27, 2023
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New downtrend lows for cattle and hogs.
November 27, 2023
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Livestock end the week with a meltdown. The culprit may be consumer concerns.
November 24, 2023
On The Go
November 28, 2023
November 28, 2023
November 27, 2023
November 27, 2023
November 24, 2023
Market Movers
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Open interest continues to fall drastically
November 29, 2023
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Overnight reacting to slow BRA planting pace and may be looking for new China buying
November 28, 2023
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Trade Holds On To Hope Of China Purchases
November 27, 2023
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Strong Exports Expected
November 24, 2023
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Cash Cattle Steady For the Week
November 22, 2023
Market Movers
November 29, 2023
November 28, 2023
November 27, 2023
November 24, 2023
November 22, 2023
Snapshots
Snapshots