Grains start the new week with a positive tone. Grain Overview It was a firm grain trade overnight that rallied into the classic for 4:00 a.m. Chicago time peak when the Matif opens, but the vigilante sellers did not got much traction yet. That will likely wait for the wrecking crew that typically shows up…
Grains start the new week with a positive tone. Grain Overview It was a firm grain trade overnight that rallied into the classic for 4:00 a.m. Chicago time peak when the Matif opens, but the vigilante sellers did not got much traction yet. That will likely wait for the wrecking crew that typically shows up…
Wheat is supported as Saudi Arabia tenders for wheat that it passed on September 7. Grain Overview Wheat futures have morning strength, as French milling wheat again pushes higher by over €3.50 a metric ton as Saudi Arabia is tendering for wheat that is not going to be coming out of the Black Sea. It’s…
New month/quarter, brings a new focus. October 9 crop production report is now in sight. Grain Overview Whether we like USDA’s numbers or believe them, there is no getting around yesterday’s corn stocks number. It was a shock, and it was bearish. But I think it’s important to understand what kind of bearish it was….
Grains rally overnight ahead of today’s September 1 stocks and Small Grains report out at 11:00 a.m. Grain Overview A firm rally overnight in the grain trade as it continues recovery from Monday’s large losses. This is in reverse of last week, when grains had a sharp rally on Monday and then declined the rest…
Turnaround Tuesday shows up like clockwork; row crops lead overnight strength. Grain Overview A small Turnaround Tuesday is getting underway in the row crops, with soybeans raising their head despite the disappointment that we will only have state-sponsored buyers from China buying beans, who will take the required amount by year-end. With the harvest delays,…
Grains tumble overnight as soybeans did not receive their 10% tariff reduction in the US/China trade fact sheet Grain Overview The overnight grain trade was set for higher start, but that was cooled right before the opening with just a steady start, as revelations of what was actually occurring with China revealed. Reuters reported that China…
The grain trade is sharply lower due to a lack of Chinese details and an end-of-the-month flush. Grain Overview The grain trade was not happy last night that no new details were coming out from either China or the US as the big optics of getting together are winding down. This morning, the market is…
Pres. Trump and Pres. Xi of China break bread. Optics occur today. Grain Overview The night grain trade was mostly supportive after an initial lower start when it was announced the trade deal with China will only run for two months (Nov. 10 to Jan. 10) and then have to be renewed. The knee-jerk reaction…
The overnight grain trade weakens on continued hopes of peace. Grain Overview After Monday’s sharp rally, the grain trade continues into today’s sharp price correction as the talk of peace continues. Reportedly, US Sec. of State Marco Rubio will meet Russian Foreign Minister Sergey Lavrov in New York City this morning. The market will be…
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