Edwards Market Thoughts

12/7/2021 8:00am

Corn market is mixed this morning with outside markets higher in energies and equities. President Biden and Russia's Putin have a conference call at 10 a.m. EST regarding Ukraine and possible consequences if Russia invades.

Ethanol prices were hammered lower on nearby Dec and dragged ethanol margins below $1.00 a gal in parts of the Midwest. (Historically though that is still a pretty good margin.) Look for choppy sideways trade with eye on headline risk.

Soybeans are mixed this morning with soyoil higher again while meal drifts lower. Jan/Mar bean spread collapsing out to -8.25 cent carry this morning, see chart below.

Interior soybean basis is a mixed bag with some plants backing off 5 cents while others are pushing 5-8 cents. Palm oil futures jumped 4% overnight. Look for choppy 2 sided trade with focus on outside markets with an eye on US/Russia conference call this morning.

 

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Industry News

Click on the link below to find encouraging industry information that we would like to share with the supporters of both our company and the renewable fuels industry - 

http://www.ethanolproducer.com/articles/16668/ethanol-producers-need-to-reduce-their-ci-scoreundefinedand-quickly

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Commentary
Cotton Reverting Lower on Wednesday - August 13, 2025

Cotton futures are trading with midday losses of 47 to 63 cents so far on Wednesday. The US dollar index was back down $0.327 to $97.600, as crude

Corn Holding onto Penny Gains at Midday - August 13, 2025

Corn futures are trying to show some gains on Wednesday as bulls try to battle back with gains of 1 to 1 ¼ cent gains. The CmdtyView national

Hogs Falling on Wednesday - August 13, 2025

Lean hog futures are showing losses of $1 to $1.25 at Wednesday’s midday, with August up a nickel ahead of Thursday’s expiration. USDA’s

Wheat Mixed at Midday - August 13, 2025

The wheat complex is back to mixed trade on Wednesday. CBT soft red wheat futures are leading the bulls, with fractional gains at midday. KC HRW

Soybeans Extending Gains to Wednesday - August 13, 2025

Soybeans are trading with 6 to 8 ¾ cent gains so far Wednesday. The cmdtyView national average Cash Bean price is up 7 3/4 cents at $9.80 1/2.

Cattle Posting Mixed Trade on Wednesday - August 13, 2025

Live cattle futures are showing some positive trade on the Wednesday session, with gains of 10 to 20 cents in the nearbys. Cash trade has been light

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