Grains are consolidating yesterday’s gains heading into the weekend. Futures are trading mixed/steady this morning as a lack of fresh headlines continues to limit buying interest. While we did see a return of flash sales for corn yesterday, the continued absence of China from the daily announcements is weighing on sentiment. China did step…
Soybeans await Chinese Flash bean sales. Soybeans bounced overnight, but the lack of fresh news keeps trade mixed, with most of the current action focused on position adjustments rather than fresh directional conviction. One of the dominant storylines remains South American weather, where drought conditions are expanding and stressing key growing regions. Rain is in…
Corn and wheat softened from yesterday’s rally due to the Putin threat. This morning’s grain trade has corn and wheat drifting from yesterday’s explosive lift, after Pres. Putin, mid-morning, threatened retaliation against Ukrainian ports if a drone attacked another vessel carrying Russian oil. This has put some focus back on the potential Black Sea grain…
Soybean prices recover on hopes of Chinese flash sales. We have a broadly mixed market this morning with wheat losses around a nickel while soybeans gained a nickel. Corn obviously stuck in the middle. This back and forth trade has become routine and will only increase over the next few weeks. We are one week…
Grains falter overnight after a firm start. Futures kicked off post-Thanksgiving trade with a firm night session start and then quickly headed towards modest losses as traders await fresh headlines. Much of the day’s activity is catch-up from last week’s light holiday volume, with positioning expected to ramp up into month, quarter, and year-end. A major…
CME experiences technical issues. On time reopening questionable. Good morning, grain futures are called mixed to higher at the start of this morning. Whether we start is still a question, as the CME experienced a computer outage Thursday night, which was termed a cooling issue that took down all of its trading capabilities. Some of them…
Grains firm into the final full trading session ahead of Thanksgiving Day. This morning’s grain trade is firmer across the board with corn breaking out of recent congestion. The grain trade is slowly following the seasonal tendency to rally from Monday into Thanksgiving. Small that it may be, it’s still a rally. Most of…
Grains firm ahead of holiday-shortened week. Futures opened firmer overnight on light short covering (Turnaround Tuesday). While markets were weak for much of yesterday, strength into the close carried into overnight trade, setting the tone for a better open today. Fresh news remains limited. Export interest is picking up, and South American weather has turned…
