Commodity markets await renewed Asian and Chinese buying. Grain futures had raced higher in the night session, with wheat seeing gains of over $0.10, soybeans higher by $0.15, as they came near to tagging the highs of the week, with corn higher by $.06. However, this faded by the morning hours to a mixed result,…
Commodity and equity markets into retreat today. It’s correction day across the commodity complex. With the first of the month behind us, we can see that corn made a high Monday and soybeans yesterday morning, and now a corrective phase and consolidating his in front of us. However, nothing changes the fact that record low…
Spec trade: Place a GTC order to buy March corn at 610.4 with a 597 stop.
It’s Groundhog Day, and again, soybeans make new contract highs. Grain futures are higher this morning after a mixed overnight trade. At 5:30 a.m., soybean futures exploded higher through 1540. They moved $0.20 in one minute as continuing weather forecasts show two weeks of hot and dry weather for southern Brazil and Argentina, increasing concerns…
Again, soybean prices make new contract highs overnight. Grain futures are higher to start the day, as wheat and corn find value buying from yesterday’s sharp setback. Weather premiums continue for soybeans as South American crop losses continue to worsen. This month will see CONAB and the USDA needing to aggressively cut South American crop…
Cattle Inventory Report Estimates: All Cattle 98.8%Cows 98.6%Calf Crop 99.1%. Actual figures: All Cattle 98%Cows 98%Calf Crop 99% Report seems to be mostly neutral.
Soybean prices make new contract highs again overnight. Grain futures were sharply higher overnight, led by the soybean market, as losses begin to mount for the South American soybean crop with another dryer than normal stretch of weather for southern Brazil and Argentina on the way. However, wheat futures gave up significant overnight gains after…
Soybean prices make new contract highs overnight, lead by bean oil. Grain futures were higher overnight with soybean oil leaving the soybean market onto new contract highs. Malaysian Palm oil moved to new historic highs overnight as Indonesia restricts exports. The government’s move was to lower the domestic price of palm oil for cooking needs…
Soybean prices make new contract highs overnight before retreating. Grain futures had a mostly lower session overnight, but soybean prices broke to new contract highs in the early morning hours, taking out the March 2022 contract high made early last June at 10.45. World Palm oil prices moved to new record highs as the Indonesian…
