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Spec Trade: Buy 2 March Mini-beans at the MKT, 1393 last with a 1367 stop.

Black Sea tensions on the front burner. Grain futures opened firm to sharply higher overnight, on rising political tensions in the Black Sea region between Russia/Ukraine and South American corn and soybean crop estimates which are in decline. Price weakness returned to row crops overnight with macro risk-off selling continuing in the stock equity markets…

Cattle On Feed 1/21/22 On Feed: 101% vs 99.7% estimatePlaced: 106% vs 101.8% estimateMarketed: 100% vs 100.9% estimate Report is bearish to pre-report estimates, expect a lower opening on Monday of 1.00 or more.

Spec Trade: Buy a March Chicago wheat 782.4 OB with a 768 stop.

Equity and energy markets pull prices lower. Grain futures were lower overnight, succumbing to the large selloff in equity markets and energy futures that tumbled late Thursday into Thursday evening. The heavy selling affected the grain complex which trades 10% of the volume per hour versus day session, making it easy to setback. However, recovery…

The two-day wheat rally pauses. Grain futures are mixed this morning after the wheat’s sharp Tuesday/Wednesday rally, with wheat pricing stalling and soybeans firmer. The markets are digesting the logistics of a potential reduction in wheat and corn exports out of Ukraine if military action was to commence. There is also the likelihood that this…

Ukraine/Russian tensions return. Grain futures were sharply higher overnight, with futures following through from Tuesday’s substantial wheat gains and soybeans taking back the remainder of Monday’s losses. SA weather forecasts are taking some rain from what was a generous forecast for S Brazil/central Argentine over the coming week. Wheat futures found strength on renewed rumors…

Grain futures follow Europe pricing.

Grain futures follow Europe pricing. Grain futures are following European action with wheat prices higher, while corn and soybeans setback on South American rains that are starting to fall. Light showers of under .40” fell in key areas of central Argentina and far southern Brazil with an active precipitation pattern to linger into the coming…

Markets closed on Monday. Grain futures are mixed after a mostly lower evening session. Corn futures found renewed buying at the 50-day MA on concerns of a sharp fall in South American corn production. Talk continues to grow that the Argentine corn crop will likely end up no larger than 42-44 MMT’s compared to early season…