market report

Typically, the grain markets are quiet around major holidays like Thanksgiving and Christmas. As we approach the holiday, market action usually gets pretty "thin" as more traders take off for the holiday. Gordy says 90 percent of the time watching the markets just before a holiday is like watching paint dry...

We saw a nice rally in corn and wheat Monday but beans were the leader, posting gains of about 26 cents a bushel. It is not unusual to see the grains rally during the shortened Thanksgiving holiday week. If there is friendly news, many times trading is a little thin because some traders take time off during Thanksgiving week...

Corn and beans traded sharply higher today because of the election. At least that is what most traders were saying. By the close corn was 7-8 cents higher, beans gained about 12 cents. The thought process was Hillary Clinton was leading and if she is elected president, there will not be any major changes to bank regulations, Wall Street or hedge fund managers...

Corn was a little lower all of Wednesday and closed with losses of less than a penny. With traders talking about harvest pressure, losses sure could of been worse. You have to think all the farmer reports of great yields but just not an all-time record had to be providing underlying support...

It was a great way for corn to start the month of October on Monday, with corn posting gains of about 9 cents a bushel. There was good fundamental support with export loadings at 1.47 MMT. With harvest advancing there will be plenty of corn available to the market, but I suspect farmers will hold and store as much as they have room for...

Corn had a good day Friday, closing up about 7 cents a bushel and posted a bullish reversal. The December contract gained a little over 21 cents during the month of September. At 11AM the USDA released the Quarterly Grains stock report and corn came in at 1...

It was quiet in the corn market Thursday as traders squared their positions getting ready for the USDA Quarterly Stocks report at 11 this morning. The average trade guess is 1.754 billion bushels compared to last year at 1.731 billion bushels...

Corn gave back the gains from Tuesday, closing about 2 cents lower Wednesday. It was another quiet day as traders seem to be "marking time" waiting for the USDA stocks report Friday at 11. There was a huge daily corn sale announced by the USDA on Wednesday...

Corn prices managed to firm up late Tuesday and closed with gains of about 3 cents a bushel. There might have been some short covering as traders are getting ready for the USDA stocks report that will be released Friday morning at 11. Friday is also the last day of the month, so it will likely be an exciting day with a lot of price action...

Corn began the day session Monday under pressure and never recovered, posting losses of 6-7 cents a bushel. The theme coming from traders was harvest pressure as harvest is picking up in the southern corn belt. Traders still are not concerned about the wet conditions in Minnesota and Iowa...