USDA crop report out at 11:00 a.m. CT today. Grain futures bounced overnight, as the end of the month and end of the quarter short covering from what has been mostly prominent selling since the September 11 crop report, along with Putin speaking this morning ahead of his officially signing a decree annexing the captured…
Grains extend their short covering rally overnight. Grain futures extended their rallies overnight, despite the US dollar firming ½ a percent, as short covering remained the feature ahead of Friday’s NAS S September Stocks and Final Grain Report due out at 11:00 p.m. CT. Rising interest rates that will continue into the year-end will keep…
Wheat leads the overnight recovery rally. Grain futures had another volatile night session that experienced heavy weakness in the early morning hours, as the US dollar pushed to another new multi-decade hide of 114.75. The UK announced it will need to do some quantitative easing projects due to its seizing bond markets. This weakness found…
Spec Trade: Buy a Dec Live cattle at the MKT, 147.05 last with a 143.85 stop.
Turn-around Tuesday is on time. After four days of heavy selling in the stock index markets along with commodities from the Federal Reserve’s .75% interest rate hike last week, Turn-around Tuesday is creating a recovery bounce on valuations. The US dollar has softened today and is trading down 1% from yesterday’s high. It is unlikely…
New highs again overnight for the trending US dollar. Grain futures are lower across the board this morning as the US dollar continues to bolt to new multi-decade highs. Overnight the British pound slid to record lows, pushing the US dollar for a moment to $114.44, the highest level since May 2002, before settling back…
Cattle On Feed On Feed: 100% vs 100% estimatePlaced: 100% vs 98.1% estimateMarketed: 106% vs 105.9% estimate Cattle on Feed report is neutral to slightly negative based on the placement numbers.
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