11/20/2024 Here We Go, Again!

On the Grains
Good Wednesday morning readers, let’s get this day started, overnight news was limited again. December corn had another untamed 2 ¾ cent trading range as we await something to get us out of this rut, just what that is remains to be seen. As I start this morning’s report we still have risk on in crude oil as Iran has skirted the U.S. sanctions put on in 2018 and are now selling $60 billion worth of oil using ghost fleets and tanker concealments. Either way, it’s difficult to imagine corn selling all that much cheaper with a steady to firm oil market. Anything near the $4.17 December will probably be bought and anything over $4.30 will most likely be sold. As the sand in the hour glass, these are the daily/weekly ranges we have to work with.