Geo-political events dominate the night session. As you are likely aware by now, Israel launched a preemptive strike on Iran’s nuclear facilities overnight, triggering a sharp rally in energy and metal markets and providing a modest lift to the grain trade. The world is now bracing for Iran’s retaliation. Several neighboring countries are calling for…
Post WASDE & Outlook Presented by Heartland Investor Capital Management Inc. CTA https://www.youtube.com/watch?v=xKaQVWx3Vdw Grains: Corn carryout cut 50 million bushels to 1.75 billion, no market reaction.Beans unchanged, but 5 million bushels below trade guess.Wheat exports raised 25 million bushels; no change to yield or production. Markets: US dollar hits lowest since April 2022, down 12%…
USDA WASDE Crop Report 6/12/25 Old and new crop stock data for corn and soybeans are both friendly to pre-report estimates, but the market remains unresponsive.
WASDE data out at 11 a.m. CT. This morning’s grain trade is firmer, supported by a wave of new data being released today, prompting short covering. First, Brazil’s CONAB updated its production estimates, putting soybeans at 169.6 MMT and corn at 128.3 MMT. Both figures are slightly above the May estimates but came in just…
The grains are firm to start on Wednesday. Will the day session get sold? The screens are green this morning. After two days of trade talks between the US and China, the framework agreement to follow the earlier Geneva plans remains intact. Additionally, this morning’s Consumer Price Index confirmed reduced inflationary pressure, which has pushed…
June WASDE Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1092239392?share=copy Corn: WASDE report due Thursday at 11 AM, major focus on old crop ending stocks. Guesses range 1.3 to 1.46 billion bushels; author expects 1.325. New crop corn estimates around 1.789 but possibly under 1.8. Corn exports questioned, but usage remains strong via…
The soybeans remain firm while corn turned near steady, with wheat still having losses at the close of the night session. Grain markets continued yesterday’s pattern, with corn and wheat remaining under pressure while soybeans held firmer overnight. The market is largely lacking fresh news, leaving prices to follow their paths of least resistance. For…
The grain trade turns lower overnight after mild overnight strength. Grains are under pressure due to a lack of interest from managed money and the absence of a bullish story. Both US and global corn and wheat crops are experiencing stress, but yield loss is difficult to determine at this stage. For corn, the US…
Wheat ends the night steady-firm, while corn and soybeans are soft after a three-day rally. Corn, soybeans, and wheat trended lower overnight as the buying interest that fueled yesterday’s rebound faded. All three markets tested weekly resistance levels before retreating. One factor behind Thursday’s bounce was the forecast for a ridge setting up across the…
Wheat continues to work on validating a counter-seasonal rally. Grains are posting moderate gains this morning, while soybeans are slightly lower. Yesterday, the market found support from the addition of a risk premium. The US weather is not overly threatening at the moment, but it is far from ideal and does not support current USDA…
