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USDA Stocks and Acreage data out at 11:00 CST today This morning’s grain trade has wheat firmer, on again lower crop ratings due to the dryness in the Western HRW wheat belt, while soybean oil provided support for the soybean trade. Since the trade never goes naked one position or the other, corn becomes the…

Grains give up overnight strength despite oil staying over $100/barrel. It was another Sunday night when crude oil opened higher with the grains in tow, while equities opened lower. Then we would normally see a reversal. This time, the oil did not reverse, but the grains did turn lower while equities turned higher. This leaves grains…

Feeder Cattle Hedging Window is Open Again Hi everyone, I wanted to reach out following today’s strong move higher in the feeder cattle market. With this recent jump in prices, we’ve once again reached a level that presents a solid opportunity to add to your existing cattle hedges or establish price protection. For those of…

The overnight grain trade is working on a higher weekly close. The grain trade pushed universally higher overnight, posting gains as fund participation picked up. The buying appears to be driven by a mix of fresh long interest and short covering, as traders adjust their exposure ahead of the weekend. Positioning tied to both month-end…

Grains consolidate after overnight gains faded. The overnight grain market had found follow-through buying optimism in the early session on Pres. Trump will be traveling to China, confirmed for May 14-15. That faded at the end of the night trading. But oil prices remain elevated as we get closer to the weekend and to the…

Four full trading days until the March 31 Stocks and Acreage report. There was mixed overnight trade, with corn and wheat remaining soft, following crude oil prices, which pushed low late yesterday when Pres. Trump stated that we have some form of a piece arrangement in place with Iran. Soybeans found a bid amid what…

The wheat trade sees ratings decline in Monday afternoon’s crop condition report. In the overnight session, wheat and corn got underway with an aggressive Turnaround Tuesday. Wheat saw gains of as much as $0.10 on US crop ratings tumbling 4-6% from the good/excellent ratings. Strength also came from weather forecasts indicating that conditions will remain…

Volatility overnight on Pres. Trump’s tweets that reverse gains. A spectacular night for volatility overnight, with the grain trade managing strong gains as the managed money crowd was heavily selling indexes and precious metals. This all shifted sharply at 6:00 a.m. CT as Pres. Trump indicated that Iran and the US had constructive talks to…

Cattle On Feed On Feed: 100% vs 99.3% estimatePlaced: 104% vs 100.2% estimateMarketed: 93% vs 92.6% estimate The report is bearish to pre-report estimates, so expect a lower opening on Monday, barring outside market conditions.

Wheat trade softens on hopes of Gulf moisture. Overnight action in the grain markets is leaning softer, with the wheat futures lower by a dime again as long-range weather models bring in Gulf moisture in the 10-14 day. Soybeans were higher overnight but have now faded to small gains. The pressure across the grain complex…