Author: Ivan

KC wheat again challenges the annual highs overnight for the fifth time. Grain markets firmed in overnight action, with wheat setting the pace and pulling corn and soybeans along with it. Wheat continues to draw the strongest underlying support. While Russia has increased its production outlook, that improvement is being offset elsewhere. Australia remains a…

July soybeans challenged $12.00 overnight. Grain markets leaned higher overnight, helped along by another strong move in energy. Soybeans made a push toward $12, with processors still enjoying exceptionally rich returns; crush margins are hovering near record territory at roughly $3.45. Corn continues to draw support from a firm interior cash market, while ethanol economics…

Soybeans and corn are firmer to start Tuesday, while wheat softens. The grain trade opened mostly firm overnight and held that tone into the early morning before wheat eased on forecasts calling for moisture in some of the driest areas in the 6-10 day outlook. That limited the market’s reaction to yesterday’s surprisingly price friendly…

For the 6th week in a row, energies higher Sunday night, stock indexes lower, then reverse. Futures are opening the week in a familiar fashion, with trade once again reacting more to geopolitical developments than to fundamentals. By the close on Friday, the market had been leaning toward the idea that tensions in the Persian…

Cattle On Feed On Feed: 99.5% vs 99.5% estimatePlaced: 92.7% vs 92.9% estimateMarketed: 94.5% vs 93.8% estimate The report is mostly neutral to pre-report estimates, with marketing slightly stronger. Overall, expect a mostly quiet Monday open.

Pres. Trump states that the Iranian/US war will be over soon. Oil prices collapse. Grain futures were firmer in the night session, as demand for corn has been strong, ethanol usage is very profitable for the grind, and the soybean crush is profitable. Crude oil accelerated its losses this morning, dragging the grains in its…