USDA Report
USDA Report 2/11/25 The U.S. grain ending stocks remained unchanged from last month, which is slightly negative, while world stocks were lower than estimates, suggesting a potentially friendly long-term outlook.
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Morning Update
The February WASDE crop report is out at 11:00 a.m. CT today. The grain trade was mostly higher overnight, led by wheat. Concerns are growing that the Black Sea region will soon see a severe cold snap with little to no snow cover protection. Short covering was also seen in corn and soybeans ahead of…
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Morning Update
Overnight grain trade exhibits surprising strength after a lower start. The grain trade opened lower as anticipated Sunday night, but the worst of the trading in price was over within the first minute. Soybeans found immediate buying interest, due to the fact that China’s application of tariffs to some US industries did not include soybeans…
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Morning Update
The morning grain trade turns lower after early evening strength. The grain trade pushed higher on Thursday evening on follow-through technical buying from the firm closes across exchanges led by wheat on Thursday. Yesterday’s comment from US trade representative nominee Jamison Greer indicated that China’s compliance with the Phase 1 trade deal was going to…
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Market Quick Take
What’s Baking In The Grain Markets? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1054272452/a871f71098?share=copy Grain Trade: Overnight strength in grains reversed early due to China’s WTO threat over tariffs. Wheat rallied 15-16 cents on forecasts of cold weather in Russian winter wheat regions. Market turned higher as Trump’s trade advisor highlighted China’s Phase One…
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Morning Update
Soybeans helped prompt an overnight recovery bounce in price. Short covering was a feature in the overnight grain trade, with soybeans leading to the recovery bounce. The news was sparse as for the buying interest, other than index funds, which are now buying breaks. Early Wednesday morning, corn, soybeans, and wheat again saw new highs…
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Morning Update
New highs were scored again overnight before the morning drift. Yesterday was another day of strength on the back of rumored potential purchases of US corn and soybeans by China. Thoughts that we could begin to see moves to revive Phase One as part of the negotiations between Trump and Xi will keep traders monitoring…
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Market Quick Take
Soybeans Make A New Calendar High Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1053517231/b4437cd054?share=copy Cattle Trade: Sharp initial decline followed by a moderate rebound at the close. Wave analysis suggests a potential bull market correction. Support at 198 range, possible bounce targets around 201.5 to 204. Grain Trade (Soybeans and Corn): Soybeans reached January…
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Morning Update
Soybean oil and wheat lead overnight weakness for Turn-around Tuesday. This morning’s grain trade is mostly softer as soybean oil fell the sharp losses overnight on the Canadian canola oil that will continue to flow to the US without a tariff for the next 30 days. That put pressure on soybeans, while China did follow…
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Morning Update
Overnight grain trade mitigates losses from tariff application over the weekend. The grain trade opened lower overnight on the implementation of the trade tariffs against Mexico, Canada and China. Losses were less than anticipated, especially for soybeans, when considering the improving weather in Argentina. The trade improved overnight alongside outside markets like energies and metals,…