MarketEdge AM Comments

Dec 05, 2023

(Cody Forde)

Good morning, Corn and soybean both higher on the overnight. March corn last trade was 4.86^6 up one and a quarter to finish the night session. January soybean last trade was 13.41^2 up eight on the session. Over on the energy side crude oil is up 6 cents a barrel to put the index at 73.10 a barrel. RBOB futures are helping lead us higher in the energy complex with the contract up almost one percent, giving the contract a value of 2.1556 per gallon. Natural gas joining the moment currently up almost two percent to start the session. Equities are a little softer with the E-mini S&P 500 down 18.50 point to settle at 4,558.0. The E-mini Dow Jones is down 131 point pegging the index at 36,137. Metals are mixed with gold trading slightly higher with Silver trading marginally lower. All currencies are all trending lower. We had a WASDE report coming out December 8th.  Normally this is a sleeper of a report. Current analyst show very little change to the corn and soybean balance sheet. I look for the market to start off firmer.

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Dec 30, 2023
March corn closed down 3 at 4.7125 and May corn closed down 2 ½ at 4.84.
Dec 28, 2023
Good Morning.  Corn and soybean futures finished the overnight session slightly higher. 
Dec 27, 2023
Grains were mixed today, during a relatively quiet week in between holidays and light trading volume.