Wheat again leads overnight strength with sharply higher gains. The overnight grain trade saw wheat trade sharply higher, pulling corn and soybeans in its wake. The dry windy conditions across the HRW wheat belt over the weekend along with India and its neighbors also seeing dry conditions exasperated by heat as they enter grain fill,…
Wheat Surge In The Making Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1065620601/fd5bc96c10?share=copy Grain Stocks and USDA Report: Corn ending stocks unchanged at 1.507 billion bushels, despite expectations for a reduction.Soybean ending stocks held steady at 380 million bushels; no changes from last month.Wheat stocks increased by 25 million bushels due to slower exports,…
Grains recovers smartly from Wednesday’s sharp losses. This morning’s grain trade is higher across the board with soybeans leading the advance along with Kansas City wheat on dry windy weather concerns in the HRW wheat belt. Soybeans are finding strength off of soybean meal, helping produce major support in the 9.94-10.00 price range for beans…
Europe applies tariffs, turning corn and beans lower overnight. This morning’s grain trade is lower after yesterday’s WASDE report failed to lower corn carryout close to 1.5 Bil when many were expecting they would increase the grind by 25 Mil Bu and also boost exports. Instead, the USDA chose to kick the can down the…
Post WASDE Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1064823374?share=copy Grain Stocks and USDA Report: Corn ending stocks unchanged at 1.507 billion bushels, despite expectations for a reduction.Soybean ending stocks held steady at 380 million bushels; no changes from last month.Wheat stocks increased by 25 million bushels due to slower exports, more than expected.World…
USDA Report 3/11/25 The ending stocks were left unchanged for corn and soybeans but raised by 25 million bushels on wheat. World stock numbers were friendly for soybeans while slightly negative for the wheat trade. Corn and soybeans are still holding gains on the session while wheat retreats from recent strength.
March WASDE data out at 11:00 a.m. CDT. Row crop prices are higher this morning while wheat is softer in classic Turnaround-Tuesday style ahead of today’s March WASDE Crop Report at 11:00 a.m. CDT. Bloomberg is out reporting that trade talks between the US and China are occurring at lower levels of both governments which…
Dryness in the Plains lifts wheat overnight. This morning’s grain trade is mostly higher led by the wheat trade gaining .08-$0.10 on the winter wheat contracts on dry plains weather. Soybean oil is sharply lower as canola oil has been limit down and is currently trading just above limit down on the May canola contract…
Key Levels For a Bullish Reversal in Grain Corn, soybeans, and wheat are currently on track to set up a bullish weekly reversal from the early-week washout. A weekly reversal to the upside is very significant in indicating that an early March low is raw value, with strength in the coming weeks in play. To…
The Friday grain trade is starting soft. A higher close today could create a higher weekly reversal. This morning grain trade is softer by pennies for corn and soybeans, while the wheat trade retreats from trading $1.00 over corn. The wheat/corn spread should find support in the $0.80 range with weather conditions across the Black…
