Soybean oil leads to mild soybean strength overnight. This morning’s grain trade is mixed, with soybean oil showing strong gains and supporting soybeans. Palm oil pushed to new yearly highs, and yesterday’s oilseed crush report showed stocks lower than expected. Meanwhile, wheat futures softened as European wheat trading returned, and US wheat crop ratings are…
A new week and month has grains mixed at the start. This morning, there is a mixed grain trade, the reverse of Friday’s strength, as wheat softened with moisture in the HRW wheat area, putting extra pressure on Kansas City wheat. Russia did release some phytosanitary certificates for RIF/Grain Flour to release a few vessels…
Hogs and Pigs Report All Hogs and Pigs as of March 1st: 101 vs 100 estimates Kept For Breeding: 98 vs 96.5 estimates Kept For Marketing: 101 vs 100.3 estimates Pig report is Bearish look for sharply lower hogs Monday morning.
USDA Report 3/28/24 Data was friendly to corn estimates and neutral to beans but total acreage has been reduced from last year.
Light trade ahead of today’s USDA report. Today is the USDA Prospective Plantings and Quarterly Stocks Report at 11 a.m. CT. The average trade guess is 91.8 million corn acres, 86.5 million bean acres, and 47.3 million All Wheat acres. These are intentions and will change by June 30. It will be closely monitored if…
Another day of selling continues ahead of Thursday’s reports. The grain trade is softer again this morning as last week’s strength continues to be sold ahead of Thursday’s Stocks and Seedings report. Markets are closed on Good Friday and will reopen on Sunday evening. May corn and beans have fallen below 50-day moving averages ahead…
Good morning from Turn-around Tuesday. The grain trade is softer this morning as the grain trade retreats from Monday’s gains. A newswire reports that nearly 400,000 MTs of Russian wheat is ensnared in the RIF/Russian government dispute over the valuation of RIF, with the Russian government unwilling to issue phytosanitary certificates. It’s unknown when and…
The overnight grain trade is firm to start the week. The grain trade this morning is mostly firmer, with corn nearly unchanged. Wheat prices are firmer and up against the downtrend line resistance on the Kansas City and Chicago wheat contracts as the Russian government and the largest private exporter battle over its company’s valuation…
Cattle On Feed 3/22/24 On Feed: 101% vs 100.9% estimate Placed: 110% vs 106.4% estimate Marketed: 103% vs 103.8% estimate Cattle on Feed numbers were bearish compared to estimates on the placement and marketing numbers, expect an opening of a dollar or more lower on Monday.
