EDWARDS MARKET THOUGHTS

10/5/2022 8:00am 

Corn is lower this morning as US dollar rebounds from the 2 day break and some private production estimates did not trim corn yield estimates as much as the USDA Sept report (USDA at 172.5 bpa).

Harvest progress mostly focused on soybeans currently in central Midwest. Weekly EIA report is expected to show ethanol grind steady to up slightly as corn harvest spreads.

Dec corn continues to find resistance on bounces above $6.90. Export news is quiet with trade keeping eye on the drought conditions in Argentina and the slow corn planting pace. Would not be surprised to see 2 sided trade with an eye on the outside markets.

Come join us today from 11am till 1pm for lunch.. Summit Carbon Solutions will be handing out lunches to go!!! 


Charts

9/12/2022