MarketEdge PM Comments

Apr 14, 2023

(Taylor Bensenberg)

Good afternoon, May corn closed up 14 at 6.6625 and December corn closed up 6 ¼ at 5.60. May soybeans closed down ½ cent at 15.0050 and November beans closed down 11 at 13.0150.
  • Spreads continue to remain strong
    • May/July corn spread reached new highs today
  • Private exporters announced a sale of 15 million bushels of corn to China
  • Brazil is on track to surpass the U.S and become the world’s largest corn exporter
  • Russia continues to say that the Black Sea deal could be “nearly over”
  • Grain markets are worried about the growing food security concerns in China (could lead to reduced soybean meal rations in hogs)
  • Monday’s crop progress report should be interesting as most of the Midwest saw ideal planting conditions this week
Have a great weekend!

Read More News

Apr 27, 2023
Grain prices were in the red again today.
Apr 27, 2023
Corn and soybean futures were lower overnight.
Apr 26, 2023
Another dismal day in the corn and wheat markets, and beans were mixed.