Corn futures closed at the highest level in a week today with Dec corn approaching $3.45. Dec corn did trade through the 50-day moving average of $3.38. The fundamentals in corn have not changed a great deal.
Soybean prices moved solidly lower on Monday as the market contemplates how to deal with the massive U.S. soybean supply in the making following the USDA’s unexpectedly large increase in their crop estimate. The USDA’s U.S. corn
More rain for many parts of Wisconsin again today. Any crops that were looking for a drink will get it. Many now are actually hoping for some drier weather to keep at corn silage harvest, etc. Nationally corn harvest
The grain markets are starting the week on the defensive with wheat making new contract lows, corn making new lows for the move and bean futures are flirting with Friday’s low following the weekly reversal last week.