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 30, 2023
Grains ended up in the red headed into the weekend.
Sep 29, 2023
Good Morning.  It is Report Day.  At 11am, USDA will release the highly anticipated Quarterly Stocks Report. 
Sep 28, 2023
Corn and soybean futures were lower overnight.