Cattle On Feed
Cattle On Feed On Feed: 101% vs 100.9% estimatePlaced: 99% vs 99.0% estimateMarketed: 96% vs 96.6% estimate Report is mostly neutral to pre-report estimates.
Buy Corn
Spec trade: Buy a December corn at the MKT, 402.4 last with a 389 stop.
Morning Update
Row crops decline ahead of the weekend. This morning, the grain trade has wheat short covering because of who knows what develops with Russia/Ukraine; meanwhile, corn continues to struggle from yesterday, and today on the news that railroads are struggling to facilitate the extra large export book the US has with Mexico is somewhat disappointing….
Morning Update
This morning’s grain trade is mixed with outside markets sharply higher This morning’s grain trade is softer despite a surge in outside markets with metals, energies, and equities recovering lost ground that occurred after the Federal Reserve announced a cut of .50% on the Fed funds rate. Outside markets initially rallied on the data and…
Morning Update
A firm grain trade this morning’s follows China’s return from Autumn Festival. This morning’s grain trade is firm, with soybeans leading the way as China has returned from holiday, and when the 8 PM trading got underway, a sharp boost in soybean prices materialized buying out of the Far East. It’s a macro-economic day with…
Morning Update
Turn-around Tuesday kicks off today’s action. This morning’s grain trade is firmer across the board as the US dollar declines to new lows. The US central bank meets today and is likely to cut rates tomorrow by .25%, with thoughts it could be as much as .50%. Chairman Powell is trying to pull off a…
Morning Update
The grain trade softens as harvest pressure develops. The overnight grain trade saw a steady-higher start but then immediately was overwhelmed with hedge-related selling offering pressure in the overnight trade. This week is big, with the US, Brazil, and Japanese Central Banks all making rate decisions that will impact the financial markets. The Federal Reserve…
Morning Update
Fund short covering and end-user buying overcome post-WASDE report trade. This morning’s grain trade is higher to sharply higher following yesterday’s perceived bearish crop yields. Yet, it’s the expectation that the disappointing corn ear and soybean pod counts will see a reduction in yield potential due to the dry finish that the bulk of the…
USDA Crop Report
WASDE Crop Report 9/12/24 Soybeans data was neutral with corn data slightly negative.
Morning Update
September WASDE crop production report out at 11:00 This morning’s grain trade is higher across the board, as word of a ship the Black Sea was hit by a Russian missile strike, lifting wheat and corn. Soybeans firmed as CONAB stayed with their soybean estimate near 147.4 MMTs in the corn crop at 115.7 MMTs,…