The wheat trade leads the overnight strength in grain futures. Grain futures have some strength this morning, with the wheat market leading the overnight gains following increased hostilities between Ukraine and Russia over the weekend. The market is also starting to acknowledge dryness across Canada, parts of Europe, and the Black Sea region, which has…
Soybean oil again weighs on soybean prices. This morning’s grain trade saw firm corn and wheat during the night session, while soybeans remained under pressure due to losses in soybean oil. Weakness developed in the morning session after President Trump tweeted that China was violating the recently updated tariff rules. This took the momentum out…
Counter-Seasonal Rally In Wheat? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1088864072/c2be6c4b9f?share=copy Trump Tariff Ruling and Market Reaction: The court ruled Trump’s tariffs unworkable, but he’s appealing and may use emergency powers to maintain themGrain markets opened higher on the news but faded throughout the dayWheat showed strength into the close, supporting prior V-bottom…
The grain trade had a volatile evening session. The grain trade opened higher last night following news that a Federal Trade Judge blocked President Trump’s reciprocal tariffs, stating he did not have the authority to implement them. The White House has already appealed the ruling to the Appellate Court and has the option to take…
Corn and wheat prices try to lead overnight strength. This morning’s grain trade is mixed, with wheat and corn showing small gains while soybeans have slipped to trendline support. Grains are finding support from the weekly Crop Progress report, which showed lower than expected ratings for both corn and wheat. U.S. winter wheat ratings slipped…
Things To Worry About Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1088166823/3d904d6c08?share=copy Cattle: False report of screw worm outbreak in Missouri triggered sharp intraday cattle selloff.Feeder cattle fell over $7/cwt; live cattle down $4 before partial recovery.APHIS debunked the story, but markets failed to return to unchanged.Technical setup suggests more downside; wave patterns imply…
Corn and wheat softened overnight while beans maintain price strength. This morning’s grain trade is mixed after a mostly firm start last night. Wheat and corn values have weakened due to improved weather forecasts for the Western Corn Belt, with rain moving through some of those states this morning. Soybeans remain firm as President Trump…
Cattle On Feed On Feed: 98.5% vs 98.5% estimate Placed: 97.4% vs 96.8% estimate Marketed: 97.5% vs 96.7% estimate The report came out similar to the pre-report estimates, impact on Tuesday’s reopening should be neutral.
The grain trade is softer ahead of the three-day weekend after strong gains this week. The grain trade is softer this morning, with soybeans breaking in the early hours after President Trump announced he would raise tariffs on the European Union by 50 percent, effective June 1, citing a lack of progress in trade talks….
