The French milling wheat continues climbing. The markets are mixed this morning, with wheat and corn trading slightly higher, while beans are trading lower. March is at a new fall low after trying to trade higher overnight. Today marks the start of the last meeting of the Federal Reserve this year, with a rate decision…
Corn absorbs farmer selling after big early week gains. This morning’s grain trade is mixed, with wheat firming and corn steady while soybeans soften. After a strong lift this past week on the corn futures, while the basis had been strong, it would not be uncommon to see strong farmer selling develop in the market….
CONAB released the Brazil crop report, almost unchanged from last month. This morning’s trade is mixed with the weakness of a few pennies noted in the corn market. Cash flow needs and an overall improvement of cash values offered to farmers of a dollar a bushel or more in some locations since pre-harvest lows have…
Corn and wheat continue higher post-WASDE. This morning’s grain trade has corn pressing the October high this morning trading over 4.50 as they continue to respond to yesterday’s USDA report, which contained a bullish surprise for corn, with carryout coming in 200 million bushels lower than last month’s estimate and 168 million bushels below trader’s…
USDA Report 12/10/24 Report was friendly for corn and wheat. The carryout on corn dropped below 1.8 billion bushels, falling below last years old crop carryout.
The November WASDE report is out at 11:00 CT a.m. today. This morning’s grain trade has soybeans leading any strength after seeing heavy selling yesterday hit after it climbed over 10.00 in the morning. What caused the selling yesterday morning was rumors circulating that Chinese buyers were looking to wash out purchases from the Pacific…
A firm trade this morning with soybeans challenging $10.00. This morning’s grain trade is higher across the board as further short covering and buying interest develops ahead of Tuesday’s WASDE Crop report. This week’s strength has numerous new inputs along with old ones to deal with. From the fall of the Assad regime in Syria…
Spec trade: Exit long March corn at 443.4 GTC. Currently near 440.
