January 26th, 2022
Good afternoon,
Big day for beans cash beans closed up 32^6. Surging energy prices led to big bounces in oil markets. Brazil has shipped 8.7 MMT which is a record for late January. Any harvest delays in South America with low Chinese inventory and Chinese imports 7 million tonnes behind last year could have them looking to the US for beans. We saw Fall cash beans break the $13 dollar mark today. Corn followed beans as we saw cash corn close up 7^0. 
Good morning,
Corn down 1, beans up 5 at overnight night break. Yesterday we saw March corn futures reach a new high. Market will continue to watch developing geopolitical and South American weather. Post-open @ 9 corn unchanged, beans up 12.