MarketEdge PM Comments

Sep 01, 2023

(Taylor Bensenberg)

Good afternoon, 
December corn closed up 4 ½ at 4.8275 and March closed up 3 ¾ at 4.9775. November beans closed down a quarter of a cent at 13.6850 and January closed up a quarter of a cent at 13.8225.

  • All eyes are on next week's hot and dry weather
  • Supply concerns for soybeans is supporting the market
  • The USDA announced a sale of 7.3 million bushels of soybeans to an unknown location 
  • The Mississippi River's deteriorating water levels are driving up barge freight rates 
  • Those of you that had bushels enrolled in the Target Average Program will be seeing contracts shortly as the program ended 8/31
  • Reminder that markets will be closed Monday for Labor Day 

Have a great weekend! 

Read More News

Sep 28, 2023
Corn and soybean futures were lower overnight.
Sep 27, 2023
Corn and beans closed up, although off their highs of the day.
Sep 26, 2023
Good afternoon, corn and soybean had a mixed day with a macro market sell off.