MarketEdge PM Comments

Aug 16, 2023

(Sam Bair)
Good evening, grains finish mostly higher aside from Wheat. September Corn futures are up 5^4 closing at 469^4, and new crop corn is up 6^0 closing at 481^4. Nov bean futures are up18’2 closing at 1323^4. Wheat finishes slightly lower after the day session.
  • Drier, and hotter for the 1-5 day forecast, across most of the belt.
  • Reports of Russia attacking Ukrainian Grain ports along the Danube River, last night.
  • Funds were covering short positions today helping the bounce back today.
  • It is estimated the funds bought back 5,000 contracts of corn and 7,000 contracts of beans today.
  • Pro Farmer Crop Tour will start next week, with a possibility to bring pressure or support to markets.
  • Livestocks were lower today, with Cattle, feeders, and hogs finishing in the red.
  • Gold, Dow Jones, Nasdaq, and S & P all finish lower on the day.
  • Please RSVP for your annual 2023 RVC Crop Tour with your local Grain Originator!
Have a great night.

Read More News

Aug 28, 2023
​Good Morning.  Corn and soybean futures were higher overnight.
Aug 25, 2023
September corn closed down 1 ½ at 4.7075 and December corn closed down a quarter of a cent at 4.88.
Aug 25, 2023
​Good Morning.  Corn and soybean futures were higher overnight.