MarketEdge PM Comments

Oct 26, 2023

(Sam Bair)
Good evening, markets were split after today’s session. December corn futures were down ¾ of a penny closing at 479^2, while March corn futures finished 1^2 lower closing at 493^2.  November bean futures were down 8^6 closing at 1279^4, and January bean futures were down 8^2, closing at 1300^2. Wheat finished higher today.
  • Corn Exports last week were the second largest of the year totaling 53 Mil Bushel.
  • Bean Exports last week came in at 50.6 Mil Bushel.
  • Russia’s grain harvest is expected to be the second biggest ever at 140Mt.
  • A wetter forecast here in the corn belt has slowed harvest progress, and the 6-10 day forecast although drier is going to bring cooler temperatures.
  • Livestock finish mixed, hogs in the green and cattle mostly lower.
  • Dow Jones, Nasdaq, and the S&P 500 finish lower and the US dollar all finish higher.
Have a good evening.

Read More News

Nov 01, 2023
Grains were mixed, with corn down and beans up.
Nov 01, 2023
Corn and soybean futures stayed close to unchanged overnight.
Oct 31, 2023
Corn and soybeans both traded higher today.