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  • Morning Update

    Grain prices recover from Friday’s washout. The market is seeing a moderate rebound this morning following last Friday’s negative reaction to the November WASDE report. While the numbers were not outright bearish, they fell short of expectations, prompting profit-taking on long positions heading into the weekend. Although the data wasn’t strongly bullish, the reduction in…

  • Morning Update

    Crop report out today at 11:00 a.m. This morning’s grain trade is firmer to higher despite outside-market chaos, with metals, cryptocurrencies, and equities on heavy risk-off. Today’s the long-awaited WASDE and USDA crop production data numbers, along with flash sales, that will create chaos today. Volatility alerts should be high. The market is bracing for…

  • Morning Update

    Soybeans overnight pushed new post-harvest recovery highs Today through Friday, we finally get some data to work with. CONAB released its estimates this morning for Brazil’s new crop at a record 177.6 MMTs and its export forecast at 112.1 MMTs. Soybeans maintain strength this morning despite that number, as a growing thought is developing of a…

  • Morning Update

    Wheat prices lead overnight weakness After another firm overnight trend, selling gave way overnight, led by wheat. Starting to see position building ahead of Friday’s WASDE update, and with a lack of Chinese buying confirmation, the trade is finding liquidation of recent length in the ongoing play. The U.S. government appears to be nearing a resolution…

  • Morning Update

    Turnaround Tuesday is in play Today is Veterans Day. The day we set aside to honor those who have served our country. Thank you. Turn-around Tuesday is back in play as usual. Significant gains yesterday, getting checked today. As US soybeans are already a high-priced product for importers, yesterday’s strength makes them even more expensive. To…

  • Morning Update

    The government looks to be reopening this week Grain futures opened the week on a firmer note, supported by optimism over the US Senate procedural vote to provide a resolution to the U.S. government shutdown. Broader markets viewed the development as a positive signal for the overall economy, helping lift commodities as well. Gold surged over…

  • Morning Update

    Trump’s tariff repeal has the grain trade on edge. This morning’s grain trade has wheat and corn on the softer side, while soybeans are trying to consolidate and recover from Thursday’s sharp losses. Soybeans are trying to find a footing on the hope that Chinese business will continue according to the trade agreement, whether by continuing…