The grain trade starts Friday mixed, smaller corn crop in Minnesota. Today’s grain trade is mixed with row crops firmer while wheat retreats from overnight gains. Overnight, it was announced that the Trudeau administration moved two and Canada’s rail lockout and to forced to binding arbitration with rail workers returning to work in business back to…
The Pro Farmer crop tour finishes today, and the Canadian rail strike is on. The grain trade is softer across the board this morning, as grain trade results yesterday look good from the crop tour along the Canadian Railways will have a strike, as last-ditch efforts for negotiations appear to be failing. The Pro Farmer Crop…
Cattle On Feed On Feed: 100% vs 100% estimatePlaced: 106% vs 104% estimateMarketed: 108% vs 108.2% estimate Report is slightly negative due to higher placement number as compared to pre-report estimates. Anticipate a $.50-1.00 lower start for Monday.
KC wheat lead overnight grain weakness. The grain trade was lower overnight, as Kansas City wheat led losses on better-than-expected rain fell across Western Kansas late Friday and early Saturday. This pushed the July KC/Chicago spread to a $0.20 KC premium. Meanwhile, corn and soybeans also moved lower amid the forecast for more normal central rainfall…
Soybeans lead overnight follow-through strength from Monday. The overnight grain trade had seen further buying interest in the grain trade, especially soybeans, as South American weather and crop size started to become in focus. Also, China is looking at new economic stimulus plans that could come to #278 billion to spark a rebound in Chinese…
Grains prices are higher this morning as ratings decline rapidly. Grain futures are higher this morning, led by soybeans, as crop ratings are in fast decline, likely absorbing some decline that should’ve been reported last week from the USDA. Yesterday, corn conditions fell -3% G/E and soybeans -5% G/E week-over-week. Corn is maturing early, and soybeans…
Old crop soybeans continued their strength, Spring Wheat tour finds disappointing yields on day two. Grain futures saw the old crop soybean market burst higher again overnight, followed by the hard wheat contracts as the second day of the spring wheat tour found some disappointing results. Wheat futures had a volatile session, with losses developing after…
Grains are higher with wheat the leader this morning. Grain futures had wheat moving sharply higher overnight leading the charge, with corn making new monthly highs as the US dollar weakens below 100.00, prompting spec and export interest. Also, weather models are turning drier for the Canadian prairies, Northern Plains, and the NW Midwest from July…
Grain futures continue the spring break. Grain futures are lower again this morning, with wheat futures reflecting double-digit losses again on the southern plains receiving rain accumulations of 1-3.00” in the past 72 hours, along with Canada showing a large jump in spring wheat acres yesterday of 600,000 acres above average estimates and a 1.3 million…
Stocks and Acreage Report out at 11:00 a.m. CT today. A mixed grain trade this morning greets the USDA March Stocks and Seeding’s report out at 11 AM CT. Wheat prices were lower on follow-through after yesterday’s reversal, while soybeans continue to remain firm. It’s been observed that China continues to switch reserve soybean purchases from Argentina…
