It’s Friday, grains are near monthly highs, and September grain options expire. This makes for a volatility watch. Grain Overview Grain futures are seeing some pressure this morning as traders take profits following a strong week of gains. Corn and soybeans are also approaching overbought territory, which has slowed fresh buying heading into the weekend. Fundamentals…
Corn bursts through $5.00 overnight as the PF Tour continues to find disappointment in yield prospects. Grain Overview You can tell by the morning grain trade that things did not go well for the Pro Farmer Tour going through Iowa and Illinois. Corn breaching 5.00 overnight, along with soybeans and wheat making new weekly highs, reveals…
A firmer row crop pricing overnight, as the Pro Farmer tour continues to find disappointing yields. Grain Overview The Pro Farmer Crop Tour rolled into Indiana and Nebraska yesterday as it works toward the center of the Midwest. Again, corn yields and pod counts were disappointing. Both Nebraska and Indiana came in below last year….
Row crop prices remain firm overnight. Pro Farmer tour early results are seen as disappointing. Grain Overview Corn and soybean futures led the overnight session for upside price leadership, while wheat put in a mixed performance as it continues to stall at recent recovery highs. The Pro Farmer Crop Tour is finding disappointing yield potential…
Corn and soybeans sustained strength overnight ahead of the Pro Farmer Crop Tour. Wheat sees profit-taking. Grain Overview The grain trade opened firmer last night, with wheat prices pushing closer to the July highs before turning to profit-taking after stalling out. Meanwhile, corn and soybeans also found strength on excessive rainfall across Illinois and Indiana,…
Grain prices have a higher weekly close in the works, while cattle will struggle this morning. Grain Overview The overnight grain trade pushed higher, with wheat leading the way as it pursued new August price highs, throwing support to corn and soybeans. Russia is not showing interest in joining Ukraine in any talks that would protect…
Correction day after a substantial WASDE crop report. Grain Overview The morning grain trade is mixed, with wheat showing light gains as French milling wheat pushes higher this morning while the damage from the Ukrainian attacks on Russia’s largest deepwater port is assessed. It’s been reported that one of the loaders is severely damaged, while…
It’s report day, and wheat futures burst higher overnight as Russia’s largest deepwater port is attacked. Grain Overview It’s crop report day, but wheat futures bolted higher overnight as Black Sea tensions picked up again, with Ukraine launching a major attack on Novorossiysk, Russia’s most important deepwater grain export hub. The attack reportedly included drones…
Grains softened overnight, as a buyer void is in play until Wednesday’s crop report is out. Grain Overview The overnight grain trade is lower despite seeing some mild strength early, as yesterday’s crop ratings kept corn at 61% GD/EX, while soybeans slipped 1% and are now at 62% GD/EX. With ratings well under last year, along…
The Black Sea troubles come back into focus. Grain Overview Grain prices are firm this morning, with wheat futures leading the gains. Overnight strength had Kansas City wheat up as much as $0.20, and then, like clockwork, as the Euronext wheat contract opened on MATIF at 4:00 a.m. CDT, profit-taking developed and prices relaxed into…
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