11/12/2024 Hello is Anybody Home

On the Grains
Good Taco Tuesday morning, we start the day with limited news on both corn and beans as the overnight was only up a penny on corn. Interesting to note yesterday, the front months did better than the deferred contracts. Two things that are telling for us, first that the demand is stronger than expected and we want to own corn now rather than later, secondly there could be some concerns over the tariffs and the long term effect of those by harvest of 2025. Maybe this will be the fuel to bust us up over that spike high created last Friday after the USDA/WASDE report.  Unless the weather forecast shifts, that could prove to be a spot to clean up some sales or get some put option bought for next spring/summers storage bushels for producers that want to have price protection for grain in the bin.