Argentina cuts export tax by 2%, weighing on the morning grain trade. The morning grain trade is on the defensive after yesterday’s December WASDE report showed a friendly number on corn, by increasing exports by 125 million bu, and cutting ending stocks with that increase. Yet the weight of wheat and its 901 MMB carryout,…
WASDE Fallout Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1145009993 Soybeans:Carryout unchanged at 290 versus expectations for an increaseSouth American rainfall dominates trade directionMarket targeting the 1085 support zoneWave 4 low likely forming before potential new year strengthBean oil and meal still correcting and pressuring the complex Wheat:Domestic and global numbers unchanged to higherLarge…
USDA WASDE Grain Stocks Report 12/9/25 Corn and soybeans are friendly to pre-report estimates, and the wheat numbers are slightly higher than the average guess. Corn is trying to become friendly after recent congestion.
The WASDE report is out at 11:00 a.m. CT today. Markets are seeing final positioning ahead of today’s WASDE update. No major changes are expected, as December reports typically limit adjustments to the demand side, with production left unchanged until January’s final numbers are released. Given the recent pickup in corn exports and China’s…
Soybeans recover from a sharp overnight tumble on another hoped-for Chinese flash sale. Grain futures are starting the week firm, while the soy complex came under pressure overnight. Weekend rains across South America weighed on soybeans, as did weakness in the broader energy complex. The firming of soybeans in the morning, recovering from a 10-cent…
Grains are consolidating yesterday’s gains heading into the weekend. Futures are trading mixed/steady this morning as a lack of fresh headlines continues to limit buying interest. While we did see a return of flash sales for corn yesterday, the continued absence of China from the daily announcements is weighing on sentiment. China did step…
Soybeans await Chinese Flash bean sales. Soybeans bounced overnight, but the lack of fresh news keeps trade mixed, with most of the current action focused on position adjustments rather than fresh directional conviction. One of the dominant storylines remains South American weather, where drought conditions are expanding and stressing key growing regions. Rain is in…
Corn and wheat softened from yesterday’s rally due to the Putin threat. This morning’s grain trade has corn and wheat drifting from yesterday’s explosive lift, after Pres. Putin, mid-morning, threatened retaliation against Ukrainian ports if a drone attacked another vessel carrying Russian oil. This has put some focus back on the potential Black Sea grain…
Guns A’ Blazing Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1142584043 Corn: Risk premium added after renewed Russia Ukraine tensionHit resistance at 452.25Seasonal buy signal active for March cornTargets 466 to 470 on next leg higher Soybeans: Stalled at 1141 areaPullback toward 1090 possible before next pushOil strong, meal correctiveUpside catalysts remain January report…
