MarketEdge PM Comments
Oct 13, 2023
(Taylor Bensenberg)
Good afternoon,
We didn't see much follow through in the grain markets today. December corn closed down 2 ¾ at 4.9325 and March corn closed down 3 at 5.0850. November beans closed down 9 ¾ at 12.8025 and January beans down 8 ¾ at 13.00.
Good afternoon,
We didn't see much follow through in the grain markets today. December corn closed down 2 ¾ at 4.9325 and March corn closed down 3 at 5.0850. November beans closed down 9 ¾ at 12.8025 and January beans down 8 ¾ at 13.00.
- Traders seem to be taking a risk off approach heading into the weekend as Israel ordered over 1 million people to move out of the northern Gaza strip
- Export sales from last week were higher than expected with corn at 910,400 MT and beans at 1.06 MMT
- One of the top ethanol makers in the U.S. says that we should be embracing carbon pipelines and that states that choose not to could be "left behind"
- The Farm Bill expired on September 30th and we need an extension to be approved soon
- Energy futures continue to be on the move as tensions in the Middle East rise