Soybeans and wheat end the week higher, corn mixed. February 3, 2023
This week's trade could be summarized as mixed for corn. March ended the week -5 1/2 cents. It is still struggling to hold prices back into the +680 range. The recent 688 3/4 peak from 1/18 was retested but not broken this week. Officially December did win this week with a +8 3/4 cents higher trade. But that is a gain from last Friday which was near the low end of a four month long downtrend. The trade continues to debate Argentine weather scenarios for the remainder of February. Weekly export sales were positive on Thursday.
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Allendale Insider
Allendale Insider
On The Go
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Mexico purchase stabilizes corn. Eye remains on Friday’s reports.
September 25, 2023
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Mixed start for livestock this week.
September 25, 2023
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Soybeans and wheat see pressure this week. Corn holds.
September 22, 2023
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Cattle on Feed confirms a return to lower placements. Q2 supplies will be tight.
September 22, 2023
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Pork questions remaining procurement. Cattle hit by weights, beef and the stock market.
September 21, 2023
On The Go
September 25, 2023
September 25, 2023
September 22, 2023
September 22, 2023
September 21, 2023
Market Movers
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Funds sellers of 10K, 45% of record, still building a short position, weather maps show light rain.
September 25, 2023
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December found light support at 474 yesterday/last night, chart open to 467 ¾, rains added again.
September 22, 2023
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Rains dramatically reduced in the 6 – 10 day forecast, exports may be expected disappointing.
September 21, 2023
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Rains in the 10-day outlook may slow harvest and offer mild support, exports are needed.
September 20, 2023
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Harvest at 9%, analysts expected 10%, the forecast may slow harvest days 1 – 5
September 19, 2023
Market Movers
September 25, 2023
September 22, 2023
September 21, 2023
September 20, 2023
September 19, 2023
Snapshots
Snapshots
Trader Insights
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Estimates for Upcoming Small Grains Summary and Grain Stocks Reports
September 25, 2023
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Allendale, Inc. Releases Quarterly Hogs and Pigs Report Estimates
September 25, 2023
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Estimates for Upcoming WASDE Report September 2023
September 6, 2023
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USDA Report Day
August 11, 2023
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Estimates for Upcoming WASDE Report
August 7, 2023
September 25, 2023
September 25, 2023
September 6, 2023
August 11, 2023
August 7, 2023