Corn Is Waking Up
Just a note that corn is waking up ahead of first notice day. A close above 441 in May corn today would reopen the upside movement.
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Morning Update
Another new price high for soybeans overnight. Overnight, soybeans were firmer, gaining a dime at one point in the early session on hopes Pres. Trump would make friendly comments. Yesterday, Ag markets found support from chatter that China may be in the market for May soybean shipments out of the Pacific Northwest, along with fresh…
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Market Quick Take
Precursor To The Lows Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1167874545 Corn February farmer selling tied to taxes, cash rent, and bills has pressured prices. Government payments hitting accounts in March could slow selling pressure. Export inspections were strong and China demand remains a potential catalyst. Market watching for a possible March rally…
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Morning Update
Wheat extends its correction that began yesterday, while soybeans consolidate. The overnight grain trade was mostly soft, but at the end of the night session, weakness was only in soybeans and Kansas City wheat. Wheat is trying to go into its second day of correction trading after last week’s spectacular rise, while soybeans are consolidating…
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Morning Update
The grain trade softened overnight, but did not implode on Pres. Trump’s 15% section 302 tariffs. Grain futures opened a steady soft on the Sunday evening session and maintained moderate losses in the night session. Global confusion over Pres. Trump’s use of tariffs, which he reapplied under Section 301, up to 15%, has the grain…
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Cattle On Feed
Cattle On Feed On Feed: 98% vs 98.4% estimatePlaced: 95% vs 96.7% estimateMarketed: 87% vs 86.7% estimate The report is slightly friendly feeder cattle vs pre report estimates.
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Morning Update
Grain and soybean futures consolidated overnight and again pushed higher this morning. The grain trade is mostly higher across the board this morning, with Chicago wheat playing catch-up on the wheat spread. Yesterday’s strong gains in wheat and soybeans were consolidated overnight, and further strength is developing today. This is frustrating the bears who thought…
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Market Quick Take
Up, Up and Away Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1166475572 Corn Grain trade mostly higher; corn soft with smaller acreage, 94 million acres at 183 bpa. New crop carryout expected lower; Chinese buying potential in March-April may drive rallies. May contract breaking new highs for the year; potential sales near 472, upside…
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Morning Update
This morning, strength has wheat being the leader. USDA has a lower corn acreage expectation. The grain trade finds this morning with wheat the leader. Soybeans had a bout of buying overnight, as demand from both export sales and domestic consumption remains elevated. This is even with fewer Chinese businesses than last year. The wheat…
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Morning Update
Soybean oil leads overnight grain strength. The overnight grain trade did a Turnaround-Tuesday on Wednesday, with markets moving in the opposite direction after the first trading day of the week, when they reverse from a meltdown or a blowup. Soybeans pushed higher, following soybean oil bolting to new high overnight as rumors are circulating that…