MarketEdge PM Comments

Dec 05, 2023

(Sam Bair)
Good evening, grains are mixed after today's session. March corn futures are up 5 pennies closing at 490^4, May futures are also up 5 closing at 502^0. January bean futures were 0^6 lower closing at 1305^4, and March bean futures close at 1326^4 remaining unchanged. Wheat finished higher.

  •  Brazil hit a monthly record of exports, in November they exported 5.196 MMT of beans and 7.406 MMT of Corn.
  • Reminder of the December WASDE report will be this Friday the 8th.
  • Trade estimates have carryout at 2.176 Bil. Bu of corn and 246 mil. Bu of soybeans.
  • There was a flash sale of 198k tons of SRW wheat helping drive price higher today and helped carry corn as well.
  • We have released this years Target Average Program, be sure to reach out to your originator to get signed up!
  • Livestock finish mixed as hogs trade lower and cattle finish in the green.
  • The US Dollar and the Nasdaq finish higher, while the Dow Jones and the S&P 500 finish in the red.

Have a great evening.

Read More News

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.