Mark's Market Talk for January 6, 2025

The holidays are over so we can get back to a more normal schedule. Last week corn and beans were much higher until we hit a roadblock Friday that sent everything down big time. For the week corn was down 3 cents while beans gained 2. The attention this week will be on the January reports that will include revised yields for the 24 crops. Estimates are all over the board, but one thing most agree on is the potential record bean production in Brazil. Their March beans are priced almost 1.00 below our beans. Therefore, other than some quick ship deals our bean export sales are about over. Corn appears to have some solid support under it, but that wasn’t enough last Friday when beans were down 20 cents. As we look at the past year corn ended 13 cents lower, and beans were down a huge 2.95. We didn’t realize how good we had it last December 31^st when beans were worth 12.00 plus.