Hedge recommendation: sell another 10% of new crop production on the opening for corn and soybeans. On today’s opening, forward sell another 10% of new crop corn and new crop beans for the upcoming growing season. December corn is over 636 with November beans over 1512 after achieving the 1550 mark overnight, and corn coming…
Commodity prices move sharply higher Grain futures moved sharply higher as Vladimir Putin pushed into Ukraine overnight on what he calls a Special Military Operation, but the rest of the world calls an invasion. He is moving to demilitarize Ukraine and to assure NATO advancement does not occur on his Western front. This has caused…
Grain futures move sharply higher early Monday evening before retreat. Grain futures moved sharply higher overnight, led by the wheat, as Russia did not invade Ukraine, instead the Russian separatists seized and declared the independence of two eastern states, with Putin quickly moving to recognize their independence. Russian troops moved into those two states, declaring…
Markets remain erratic into a 3-day weekend. Grain futures spent most of the evening lower overnight, with soybeans again catching a bid in the morning hours on the continual rising of bids in Brazil, with soybeans higher by another 10-12 cents from Thursday to now being a $1.55 over US values. US soybeans are now…
World events lift grain prices overnight. After the lower Wednesday evening start across the board in the grain complex, wheat futures initially burst higher in the evening after reports that Russia had increased its troop size by 7000, contrary to prior reports of reductions. But it was the report of mortar fire reported to have…
Grain prices find renewed buying interest overnight. The commodity world recovered overnight from yesterday’s thrashing with crude oil lifting over $1.00 barrel, metals firmer, and grain pricing also finding bargain-hunting in the recent sharp decline. However, the three-day weekend coming up will heighten volatility with the never-ending Black Sea political tensions, and potential moisture for…
Grain prices on retreat. Grain futures are lower across the board this morning, as yesterday’s late press to the highs on war rumors in the Black Sea were dashed in the night. Troop movement was noted in the European evening, which was during our noon hour, and many thought it was the push towards escalations….
Grain prices have a volatile Sunday night session. Grain futures ended the night session the opposite direction they started Sunday night. The sharply higher opening had wheat futures gaining $0.20, with soybeans $0.15 higher and corn a nickel before changing direction in the middle of the night. Chances of rain showed up on the GFS…