The grain trade is lower post-WASDE. Grain futures moved lower in overnight trading, with improved wheat conditions, which rose 3 percent and pushed the wheat crop rating to 54 percent good to excellent. Crop progress reports show corn is now 62 percent planted, while soybeans are at 48 percent. A key takeaway from yesterday’s WASDE…
USDA WASDE Crop Report 5/12/25 The ending stocks data was friendly for old and new crop soybeans and corn, but bearish for new crop wheat.
The US and China agree to lower tariffs. A volatile full moon session marked the start of Sunday night trading. Grains opened sharply higher but were quickly met with renewed selling pressure from bearish sentiment. This pushed wheat and corn back down, while soybeans nearly returned to unchanged before rebounding sharply higher into the morning….
Beans Ready to Break Out? Six weeks of sideways action could turn explosive if November beans close above 10.35. Is China the catalyst?
Grains find pre-weekend short covering. This morning’s grain trade is firm-higher, led by corn and soybeans, as short covering has gained momentum ahead of the weekend. US and Chinese trade delegations are meeting in Geneva to discuss renewing some form of trade, following the heavy imposition of tariffs. As of yesterday, there were no expectations…
Soybeans lead overnight recovery ambitions. Grains are mostly firmer today, with soybeans leading the recovery bounce. Export sales numbers this morning were very strong, with corn at 1.66 million metric tons, while soybeans came in at 376,700 metric tons. Statistics Canada released their Canadian grain stocks as of March 31. They reported wheat stocks at…
The US and China are at the table talking. The grain trade moved higher overnight following yesterday afternoon’s announcement that the US Treasury Secretary and the Trade Ambassador will meet with top Chinese trade negotiators later this week in Geneva, Switzerland. Rumors are circulating that tariffs may be cut by 50 percent as the new…
This morning’s grain trade is mixed. Grains this morning are mixed on Turnaround Tuesday, while gold continues to recover recent losses sharply and is up $71 at 3394, as the US dollar again retreats from the 100.00 valuation. The US dollar has maintained a weak stance since the start of the year, which has supported…
A lower grain trade starts early week trading. This morning’s grain trade is mostly softer, except for Minneapolis wheat, which shows slight gains of a penny or two. Last night’s market opening was influenced by a sharp drop in crude oil after Saudi Arabia announced plans to push OPEC’s oil production up by 2.2 million…
Grain prices firm on thawing Chinese/US relations. Grain prices firmed overnight as news sources on Twitter and major media outlets reported that the Chinese Commerce Ministry is discussing the possibility of trade talks with Washington. The grain market is gaining strength on hopes that the tariff battles will de-escalate and signs of potential progress soon….
