Dustin Johnson

Articles By Dustin Johnson

Oct 10, 2014

Friendly report leads to a market selloff

December corn finished 10 ¾ cents higher at $3.34, November beans down 19 ½ cents at $9.22 ½, and December wheat up 5 ¼ cents at $4.98 ½. The October USDA Supply and Demand report (WASDE) was released this morning and caused a rather volatile trading session. The knee-jerk response
Sep 04, 2014

Soybeans about to trade single digits

November soybeans fell to $10.03 ¼, down 16 ¾ cents on the day on a large crop outlook as well as a strong US Dollar Index. December corn was 5 ½ cents lower at $3.46 ½ and December wheat was also 5 ½ cents lower at $5.30 ¼. Corn, wheat
Jul 14, 2014

Corn and Soybeans Close Higher for the First Time in July

Corn was higher on Monday, breaking its 9 day losing streak. Soybeans also rallied, breaking the 10 day streak. Wheat was the upside leader, finishing 11 cents higher in September and 35 cents higher to close the July contract. The rally basically recouped the losses from Friday’s WASDE report but
May 28, 2014

Corn and Soybeans Close Higher on Late Day Short Covering

Corn and soybeans retraced some of Tuesday’s losses to close modestly higher while wheat was lower again. The crop progress report showed corn at 88% planted and soybeans at 59%, both at or above the 5 year average. Despite the rebound in planting pace and a favorable forecast the market
May 14, 2014

December Corn at Lowest Settlement Since March 28th

The day session started out slow but found heavy sell pressure led by the wheat contract. July wheat closed 19 cents lower at $6.90 ¼. The negative wheat trade also spurred selling in the corn market. Funds were estimated to be heavy sellers of both at midday while total volume
Apr 24, 2014

Wheat Higher on Dry Forecast

Grain markets were mixed with December corn closing 1 ¾ cents lower at $5.02 ¾, November soybeans 3 ½ cents higher at $12.31, and July wheat 13 ¾ cents higher at $6.96 ½. Wheat was strong from a hot and dry weather forecast for the next 10 days in the
Apr 16, 2014

Corn Prices Fall from Favorable Planting Weather

Wheat finished with double digit losses while old crop soybeans posted double digit gains. Favorable planting weather is forecasted for the Midwest which pushed new crop corn back below $5. Soybean strength was a continuation of yesterday’s bullish NOPA crush report. This latest crush number raised the pace well beyond
Apr 08, 2014

WASDE Report Tomorrow

Grains settled higher on Tuesday with old crop soybeans leading the way. There was some confusion toward the end of the day session when the electronic corn, wheat, and livestock futures stopped trading. The CME group reported their technical error and motioned for the pit to handle the settlement process
Apr 03, 2014

Are November Soybean Futures Overpriced?

Grains settled higher on Thursday rebounding from Wednesday’s losses. The market choppiness is a product of uncertainty, mainly in the old crop soybeans. We have sold roughly 105 million more bushels of beans than the USDA has in their final demand estimates. When we are only expecting a final carryout