Above you will find today's installment of Morning Market Talk. Corn Continues Lower You can click on the picture above to take you to this morning's episode. On the Grains It feels like anybody on the long side of this market is just waiting for ICE to come and deport you. CBOT took out the December low that we forged last week, now eyeing up the gap on the continuation chart at $3.94. All that comes to mind is, “Go ahead, make my day.” We have discussed the topic of exports, usage, and crop conditions in depth. Yet, we still have the July/Sep corn spread trading at a 15-cent inverse, indicating that there is still demand on the IWDS. Flash sales of 144,000 MT of soybean meal to the Philippines were reported yesterday, with 97,000 MT allocated for 24/25 and 47,000 MT for 25/26. This was followed by the sale of 112,776 MT of corn for 25/26 to Mexico. Now, returning to the old crop corn, we have been shipping a substantial amount of corn. However, with IMEA in Mato Grosso raising its yield forecast by 3.6 MMT to 54 MMT (47 MMT last year) and the southern harvest less…
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