The markets are preparing for another Surprise Saturday. Morning session ended mixed, with corn and wheat re-looking at yesterday’s lows while soybeans found a firm tone on strength in soybean meal. With the crush giving up its strength on soybean oil, it’s reversed, ensuring that it respects the value at the late February, early March support…
Look What WASDE Found Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1181701583 Soybeans USDA held carryout at 350 million bushels despite strong crush Crush increased 35 million bushels to offset balance sheet Exports reduced to keep carryout unchanged Market remains rangebound awaiting demand pickup ahead of potential China buying Wheat USDA raised US carryout…
USDA Prospective Planting Report 4/9/26 The report was bearish to pre-report expectations of wheat carryout and neutral corn and beans
Grains in full recovery mode of Tuesday’s losses. Grains are all higher across the board this morning, with wheat taking the lead, as rain forecasts for the weekend are still there in the HRW wheat belt, but again, it looks like the West will not get what’s needed. There are reports of fields being so…
The two-week truce is on. Will it hold? The news you know is that a two-week truce has been announced between the US/Israel/Iranian hostilities, with the Strait of Hormuz being allowed open during this window for transportation. There are over 800 ships that want out of the Persian Gulf; over 400 of them carry crude…
WASDE Preview Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1180950619 Geopolitics Iran deadline looms tonight with potential escalation or short term truce Pakistan proposes reopening Strait of Hormuz as goodwill gesture Crude oil volatile on shifting headlines and negotiation hopes Corn Ending stocks seen rising modestly month over month Fell below 50 day moving…
Iran has until 7:00 p.m. CDST to accept the cease-fire terms. The grain trade is a bit softer this morning, despite crude oil trading near 115, as the US waits for Iran’s response to a truce, which has a 7:00 CST p.m. deadline. The trade also awaits estimates for Thursday’s WASDE crop report, but for…
For the 5th week in a row, grains and energies open higher Sunday night and falter into the Monday morning session. Futures were initially called slightly higher ahead of Sunday’s open, but that early optimism didn’t hold, as for the fifth week in a row,energies in grains turned lower after the initial higher start. Wheat…
Unfortunately, war rages on into Easter weekend, with grain prices supported by oil. The grain trade response in the overnight action this morning is obvious, with crude oil spot contract over $111/barrel, with corn and soybean oil market sharply higher, along with wheat doing a bit of recovery as weather models for late next week…
The grain trade gives up post-crop report gains. The grain trade moved lower overnight, which is classic after the USDA crop report, with the grain trade going in the opposite direction of how the port day settles. Recall that the bearish January crop report led the grain market to recover over the following two days….
