Crop Condition Ratings Corn ratings gd/ex came in at 60% which is steady from last week’s 60%, average guess was steady. Bean ratings gd/ex came in at 56% which is steady from last week’s 56%, average guess was steady. Data is considered neutral with pre-report expectations.
Grain futures are mixed for the start of day session Monday trading. Grain futures initially overnight, on Hurricane Ida bringing damage to crops in the Gulf states that are harvesting throughout the Delta, along with forecasts that keep the Eastern corn belt dry for its finish. Heavy selling in the September grain contracts on last…
Row crop prices drift overnight. Corn and soybeans moved lower overnight, as the best rains of the growing season fell across Minnesota and Iowa overnight with totals of .5-3.00″. The debate is how much yield benefit the moisture would produce? Seed size for soybeans can be boosted, but the yield to help corn will be…
Grain futures are mixed Thursday morning. Row crop futures softened overnight after a three-day recovery rally that had corn and soybeans challenging their 50 in near 100-day moving averages. Technical resistance caused a pause in overnight trade. Wheat futures firmed along with French milling wheat as the recent break sparks new end-user interest after a…
Grain futures lower to start Wednesday. Grain futures are mostly lower this morning, with most of the weakness in the winter wheat contracts. After a sharp two-day rally, row crops have rolled into a minor correction as lite to moderate rain fell across N Illinois, with the radar showing showers across Southern Iowa this morning….
Spec Trade: Place a GTC order to exit 2 long Nov Mini-beans at 1344.4 for a $900 gain. Currently at 1336.4.
Grain futures start Tuesday mixed. Grain futures are mixed this morning, as corn and soybeans react to a lower US crop condition rating again, which implies yield potential is drifting again. In contrast, the wheat futures continued their correction following Paris futures lower. The NASS Weekly Crop Condition and Progress report showed a 2% decline…
Crop Condition Ratings Corn ratings gd/ex came in at 60% which is down 2% from last week’s 62%, average guess was an improvement of 1% Bean ratings gd/ex came in at 56%c which is down 1% from last week’s 57%, average guess was an improvement of 1% Crop ratings showed a decline while most were looking…
Grain futures mounted an overnight recovery. Non-US grain/oilseed prices rose last week. Russian fob wheat gained for the 6th consecutive wheat with values at $299/MT fob. Russian President Putin claimed on the weekend that Russian grain production would be 127 MMTs and that there is no supply problem. It appears that Russia is cranking up…
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