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. 
  • 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 
Have a great weekend!

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.