Market Commentary 

Rail labor unions and railroads have agreed to extend the “cooling off” (or “status quo”) period in their contract negotiations, eliminating the threat of a freight rail service shutdown next week.

This week, the commodity markets have traded largely on rumors from the western Europe grain corridor and China COVID policies.

The grain markets have traded, for the most part this week, on both sides of unchanged. However, as we attempt to finish the week, we are seeing corn down a nickel and beans off close to twenty-five cents for the week.

The grain markets have been trading on both sides of unchanged for most of the week. Since last week’s crop report and the bullish carry-over figures released by the USDA, we’ve not been able to sustain positive gains.

The USDA released its monthly WASDE report this week. They dropped corn yields just a bit from 172.5 to 171.8 and dropped bean yields from 50.6 to 49.8. Thus, in turn dropped projected ending stocks of both grains. 

As we approach the end of the first week of October, we find corn futures steady and beans trading about a dime lower. Harvest activity has picked up in the east this week as combines have been very busy with the excellent weather...

Grain prices have traded in a very narrow range this week, with corn down a nickel and beans off about a dime. The markets have traded both sides of unchanged with the anticipation of the USDA quarterly stocks report today...

This week grain prices traded steady-to-higher for the better part of the week. However, once the federal reserve raised interest rates another 0.75%, all commodities have traded lower...

The USDA released its latest round of crop production estimated numbers on Monday. The initial market reaction to this bullish report had beans trading 60 cents higher and pulled corn up a dime on the day...

Good afternoon. I hope you all have had a chance to enjoy the fantastic weather over the past few days. The corn market has continued to chug along since the July 22nd low. It has gained back $1.20 as I am typing this. That is real money, and we saw an uptick in sales of new...