Crude oil prices tumbled from overnight highs; another Iranian deal may be in place by Tuesday. Grain Overview Grain futures are lower this morning after another typical evening, when prices are firm throughout the night until the Euronext exchange opens at 4:00 a.m., and that’s when selling begins both there and in the US, eroding…
Grain values held up better than last week to energy price drops and rain. Mixed to small losses were created overnight. Grain Overview It’s not only a new week, but a new month, and it has been greeted with a drop of over $5.00 in crude oil as Pres. Trump withheld any heavy military action…
End-of-month liquidation as grains are under pressure this morning. Grain Overview This morning’s grain trade is softer across the board, as the best rain for the Western Corn Belt since June is falling across a broad area. Not everyone is receiving it, but a larger portion of the region is seeing crop-stabilizing rainfall. Deliveries against…
Ukraine damaged a Russian grain port overnight. Wheat prices spike. Grain Overview Wheat futures surged overnight, providing support to the rest of the grain complex. Buying accelerated after reports that Ukrainian attacks damaged Russia’s Taman export terminal near the Kerch Strait, including grain loading equipment and storage facilities used for grain and sunflower oil. Interior…
The grains are fighting between war or weather on pricing. Grain Overview Grain futures initially turned higher on the evening opening, as crude oil pushed higher after Iran launched missiles at US assets, which oil intercepted. The point is,any talks going on in the background are essentially fruitless babble. Yet overnight weakness in row crops…
Overnight grain trade lacked Turnaround-Tuesday interest. Grain Overview Grain markets are mixed this morning as corn attempts to stabilize following Monday’s sharp selloff, while wheat and soybeans remain under pressure. Yesterday’s USDA crop ratings were considerably more supportive than expected, with the corn crop dropping 6 percentage points in the Good to Excellent category while…
Risk-off with the overnight commodity theme. Wheat finds support. Grain Overview The grain trade opened lower Sunday night in sympathy with sharply lower crude oil, creating a risk-off event across the commodity complex. At one point, corn and wheat traded slightly higher on the session, but then crumbled overnight as managed money continued its liquidation….
The wheat market got flushed this morning on comments from Pres. Zelenskyy Pres. Zelenskyy of Ukraine along with some of his ministry are trying to work a deal out where ships may not get fired upon two or three days a week to enter and exit the Black Sea. Just the thought of it has…
The announcement of tariffs on 60 countries this morning took the bloom off overnight gains. Grain Overview It was just another evening where grains rally in the night, usually making new highs for the week, but peaking when the Matif opens near 4 AM and drifting into our daylight hours. This morning, though, that turned…
Another firm overnight grain trade, which has become the norm. Grain Overview In what has become a regular habit, overnight grain pricing has been firm. Though the gains are not substantial compared to prior nights, firmness continues to extend, with corn and soybeans pushing through yesterday’s highs more easily. Black Sea movement has been shut…
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