Morning Update

Crop report out today at 11:00 a.m. This morning’s grain trade is firmer to higher despite outside-market chaos, with metals, cryptocurrencies, and equities on heavy risk-off. Today’s the long-awaited WASDE and USDA crop production data numbers, along with flash sales, that will create chaos today. Volatility alerts should be high. The market is bracing for…

Morning Update

Soybeans overnight pushed new post-harvest recovery highs Today through Friday, we finally get some data to work with. CONAB released its estimates this morning for Brazil’s new crop at a record 177.6 MMTs and its export forecast at 112.1 MMTs. Soybeans maintain strength this morning despite that number, as a growing thought is developing of a…

Morning Update

Wheat prices lead overnight weakness After another firm overnight trend, selling gave way overnight, led by wheat. Starting to see position building ahead of Friday’s WASDE update, and with a lack of Chinese buying confirmation, the trade is finding liquidation of recent length in the ongoing play. The U.S. government appears to be nearing a resolution…

Morning Update

Turnaround Tuesday is in play Today is Veterans Day. The day we set aside to honor those who have served our country. Thank you. Turn-around Tuesday is back in play as usual. Significant gains yesterday, getting checked today. As US soybeans are already a high-priced product for importers, yesterday’s strength makes them even more expensive. To…

Morning Update

The government looks to be reopening this week Grain futures opened the week on a firmer note, supported by optimism over the US Senate procedural vote to provide a resolution to the U.S. government shutdown. Broader markets viewed the development as a positive signal for the overall economy, helping lift commodities as well. Gold surged over…

Morning Update

The current grain rally anticipates a Chinese/US trade resolution in two weeks. A quiet mixed price in grains as we come into Friday morning, ahead of the weekend. November options expire today with first notice day next Friday on November soybeans. This morning, global trade is back in the spotlight after President Trump canceled a…

Morning Update

The board remains firm despite harvest pressure. Market Update Morning Grain & Livestock Update Quick read market color and key levels Grains This morning, the grain market is firmer again, led by the friendly soybean market. After brief rain delays in some areas this week, harvest should be moving forward through the weekend, with the…

Market Quick Take

Mild Grain Corrections Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1086885847?share=copy Corn: Corrected slightly but held above key support levelsOld crop exports strong, 100 million bushels above USDA paceMarket bridging gap to Brazilian safrinha harvest in JulyDecember corn near 62% retracement, watching for push to 470Prevent plant and disease pressure building in the Delta…