MarketEdge PM Comments

Aug 18, 2023

(Taylor Bensenberg)

Good afternoon, 
Three days in a row closing in the green! September corn closed up 6 ½ at 4.7950 and December corn closed up 7 ¼ at 4.93. November beans closed up 23 ¼ at 13.5325. 
  • Wheat prices popped up overnight when another Ukrainian drone damaged a structure in Moscow, which in turn put corn and beans in the green as well
  • Soybeans are closing in on the peak reproductive phase and the hot/dry weather coming next week has the market concerned 
  • The ProFarmer tour kicks off on Monday and I would expect the market to be watching the results closely
  • River levels are still dropping which could run barge freight up sooner than anticipated going into harvest 
  • In the coming weeks the flooding that is happening in China might work its way into the grain prices
  • The RVC Crop Tour wraps up on Wednesday, August 23rd, stay tuned for the results
Have a great weekend! 

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.