Wheat prices decline sharply on Ukraine wheat movement. Corn and soybean pricing gave up a firm start Wednesday night and were drug lower by wheat prices which pressed new 2022 lows for Chicago wheat with active vessel movement into and out of Ukraine to load new supplies of wheat. Russian export tax remains a problem…
Grains are consolidating and recovering from early week losses. Grain futures consolidated overnight and found morning buying interest after recent rains that have passed have forecasts now projecting another lengthy period of dryness for KS, NE, SD, and W IA along with IN. US weather continues to remain important well into the opening days of…
Grains are again lower this morning. Grain futures are lower again today but still above Monday’s lows. Crop ratings declined as expected yesterday and are anticipated to stabilize and possibly improve into next week with the improved moisture and cooler temps for the W Midwest. Also, the US dollar is stronger again for the third…
Grains are sharply lower on rain and China concerns. Grain futures opened softer overnight on improving moisture prospects for the W Midwest and Plains, with losses accelerating sharply lower late in the evening as China’s July Industrial Production numbers slowed to 3.8% versus expectations of 4.5%. All commodity sectors suffered overnight, with crude oil posting…
Spec Trade: Sell 3 Nov Mini-Beans at the MKT, 1423 last with a 1465 stop.
USDA Crop Report 8/12/22 Stocks data for corn considered neutral where as soybeans were negative, wheat ending stocks were priced positive. Corn production estimate slightly friendly but soybean yield production was slightly bearish to estimates.
Grains are mixed into today’s NASS data. Grain futures are mixed ahead of today’s NASS yield data at 11:00 a.m., where row crops will be survey-based, while the spring wheat crop will be from collecting actual yield data from enumerators. Also, the NASS will update the resurvey results of the Northern Plains crops that were…
Grains continue to firm into Friday’s NASS data. Grain futures again overnight were mixed to weaker but firmed in the morning hours as the US dollar weakened below 105.00, and weather models started to diminish some of the rain expected for early next week in the W Midwest. Also, positioning heading into Friday’s NASS crop…
Grains are higher on a weak dollar and dry forecast. Grain futures were mixed most of the evening session but by the 5 AM release of the GFS showed a perpetually hot and dry forecast for the western half of the US corn belt for the next 10 days creating a price advance. At 7:30…
