Russia raised it’s cash price floor. This morning’s grain trade is softer across the board, with wheat futures having tried to stabilize and traded mixed in the morning hours. Paris wheat futures are higher by $1.50/MT as Russia announced a seller’s floor under the cash price of $250/MT FOB. This compares to prices offered last…
USDA Report 10/11/24 Crop report mostly neutral with corn carryout still at or below 2 bil/bu and world carryout numbers showing wheat slightly higher than last month.
Russia to raise export tax October 16. This morning’s grain trade is mainly firm, with wheat retesting yesterday’s highs on news that the Russian government’s meeting with grain exports resulted in a 41% hike in the country’s wheat export tax from $14/MT to $20, which takes effect October 16. The record pace of Russian wheat…
Here Comes WASDE Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1018437165/d7a91b7972?share=copy Corn Yield Estimates: Projected at 153.2 bushels/acre.Varied with reports of high yields in core regions (Iowa, Illinois) contrasting with shortages in fringe states.Dryness affecting pod and cob development, potentially reducing yields. Soybean Yield Dynamics: Expected around 53 bushels/acre, subject to variability.Dry conditions impacting…
Argentine wheat crop lowered. The grain trade overnight was mainly firm, led by the wheat trade, as dry conditions remained for Western Russia and the Western plains in the US. The weather premium is being added via French milling wheat, which picked up $3/MT overnight. Russian 12.5%/wheat is at $, with 232/MT up $1/MT today….
October 9, 2024 http://www.heartlandinvest.com 701-222-0221 or 1-800-359-0221 Tap an Icon to Listen What I’ve Learned “The harder you work,the harder it is to surrender.” Vince Lombardi Commentary Today’s grain trade ended that a lot different than how it was anticipated to start Sunday night. Soybeans could of crumbled in the night session Sunday on the…
Grains bounce from Tuesday’s heavy selling. This morning’s grain trade is firmer, with wheat leading the advance. Russian FOB wheat is firm at $233/MT FOB, up $15 in the last month. It appears Russia is fully sold off for October, and only limited supplies are still available for November as sellers are starting to hold…
Crop Report Preview… Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1017686830/8b430970ae?share=copy Grain Market Trends:Initial rally followed by a stumble, influenced by China’s economic policy stance.Soybeans, corn, and wheat opened strong but fell sharply after morning hours.Rain in South America affects market sentiment, despite increased sales last week. USDA Crop Report Expectations: Focus on new…
Grains are lower due to the lack of further Chinese stimulus. This morning’s grain trade is lower across the board, as overnight strength faded after China did not offer another round of aggressive economic stimulus following the return from Golden Week Holiday. China’s head of the National Development and Reform Commission provided few details on…
