Overnight grain optimism fades from the typical 4:00 A.M. high. Grain Overview The overnight grain trade opened higher, with wheat at one point gaining $0.30 in the overnight session on word that no Black Sea grains were moving this week. But as typical, by 4:00 a.m. CT when the MATIF opens, the selling vigilantes arrive to…
Trade consolidates ahead of a three-day weekend. Grain Overview Overnight grain trade has been mixed, with corn, soybeans and wheat spending time on both sides of unchanged. A lot of what we are seeing this morning looks like consolidation ahead of the long Labor Day weekend, with markets closed Monday. That should encourage more position squaring…
Putin comments send grain prices sharply lower. Grain Overview It was inevitable, after what has been a sizable press to the upside with corn hitting psychological 5.50, Chicago wheat near 8.00, and a beans contracts registering beans in the teens, a sizable break in price was in the making. The story that triggered it occurred at the…
Wicked Wednesday finds the price correction Turnaround-Tuesday missed. Grain Overview After pushing higher on Turnaround Tuesday, Wicked Wednesday caught the correction from an extended grain trade. In the opening minutes of the night session, new contract highs were seen across the screen, and immediately, profit-taking-inspired selling brought the market off its overnight highs, retreating a…
Good morning! Here is some info on USDA’s new LRP endorsement for retaining heifers. The USDA is planning to release a new LRP endorsement product to help encourage ranchers to retain heifers. This program is called BRAND. The BRAND endorsement will allow producers to insure the economic value of retaining a heifer for breeding over…
Grain prices push higher as supply concerns continue to build. Grain Overview Again overnight, we saw what happens so many times. Corn, soybeans, and wheat pushed to new contract highs, and then by 3:00-4:00 a.m. CT, the seller vigilantes showed up right around when MATIF opened to take the markets off their highs. It’s like…
Grain prices roll into profit-taking on the last trading day of the month. Grain Overview Sunday night’s grain trade opened near steady and quickly tumbled as profit-taking hit, with concerns that the large open-interest gains across the grain board for the month of August had spooked some of the twitching tweeters. Despite the quick break,…
New contract highs heading into a Friday for all grain sectors make for an interesting day. Grain Overview The grain trade is higher again this morning, led by wheat and soybeans, while corn also presses new highs. There is no solution to the Black Sea conflict, and we even have Russia now threatening the UK…
Wheat holds its strength overnight, while corn and beans drift slightly. Grain Overview Wheat futures remain higher this morning but have backed away from overnight highs after Chicago wheat traded limit up yesterday. Putin’s latest comments suggest negotiations with Ukraine remain unlikely unless attacks on Russian refining infrastructure stop, leaving Black Sea grain movement severely restricted….
New contract highs for corn overnight, pulling wheat and soybeans in their wake. Grain Overview The grain trade is rushing higher this morning, with corn scoring new contract highs for the year and dragging everyone with it. Corn, beans, and wheat dipped initially overnight when the grain trade got underway, as crude oil declined late yesterday…
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