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Daily Market Report

Click to see individual daily market reports. Market reports are updated daily, by 4:00 PM CST. Scroll to see all market updates.

Snapshot
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Corn

Daily corn commentary and market outlook.

Corn Outlook

Soybean

Daily soybean commentary and market outlook.

Soybean Outlook

Wheat

Daily wheat commentary and market outlook.

Wheat Outlook

Livestock

Daily livestock commentary and market outlook.

Cattle and Hog Outlook

Latest Updates

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Weight from beans, exports are expected strong tomorrow, haven’t seen 8 AM sales recently

There has not been an 8 AM sales announcement for corn since Wednesday, normally that would not be too concerning but with trade fearful of an export slowdown it could cause pressure soon

Market Movers
November 20, 2024
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March returns to fair value levels

March has returned to the 440 fair value level, now the question is if exports can remain strong to suggest moving that fair value level slightly higher due to USDA raising exports

Market Movers
November 19, 2024
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Funds buy 16K, exports not as poor last week as trade feared, overnight resistance again

Overnight continues the pattern of pessimistic export expectations, after seeing last week’s exports at a moderate level we will see if this light selling continues after 8:30

Market Movers
November 18, 2024
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Exports expected strong at 1250K – 2700K, record ethanol report yesterday, following beans

Overall demand remains very strong for corn, the USDA has figures factored in that suggests it will slow eventually but for now both exports and ethanol are above USDA expectations

Market Movers
November 15, 2024
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8 AM sales continue, ethanol expected strong again today

8 AM sales continue, ethanol expected strong again today, less spill over weight from beans

Market Movers
November 14, 2024
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Daily Market Report

Livestock
Stable cash cattle was noted today. Fed cattle futures have retraced a portion of the recent decline. We will warn there is a well known seasonal for fat cattle which could disrupt the trade in short term. Feeders have pushed to new highs.
Wheat
The market failed to show much lasting interest from news that Ukraine used US missiles in an attack on Russia. Some would suggest this is not a market moving story as it is likely Trump will reverse this course in two months. Bears still note the US dollar remains high, US crop conditions have posted strong increases and heavy RUS/UKR exports remain in place for now.
Soybean
Overnight export sales this week have been a light positive surprise. It is unlikely they will change the trade's general export concern though. Additionally, Argentina's light dryness is not improving. That may be a lightly supportive story in a month or two. Soybean futures were rejected in their recent attempt at higher trade. Currently, until trade and biofuel policy is announced in the coming weeks, this market is treading water.
Corn
Ethanol production and exports are running much over USDA's current view. This balance sheet may tighten by 50 - 100 million bushels in the coming months. Though we have a light concern over Argentine dryness this is not the time of their yield determination. Traders note the possibility of corn staying within the recent two month range. Some type of psychological discount until trade policy is established is reasonable.
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