Turn-around Tuesday on Wednesday. Grain futures stabilized overnight after yesterday’s last day of the month, heavy liquidation on the renewed story of Pres. Putin’s ongoing conversation of allowing grain exports out of Ukraine providing sanctions against Russia are lifted. Putin continues to press that he’s not the bad guy for the soaring world food values…
Putin is back to making headlines. Grain futures overnight had soybean futures pressing to new recovery highs to near $17 50 before retreating, while wheat futures dropped sharply from a steady start with Pres. Putin again continues to play with the world grain trade by keeping the possibility of Ukrainian grain flows alive. The Kremlin…
Russia and NATO are at impasse on the food corridor. Grain futures put in a mixed performance overnight as the Ukrainian food export corridor continues to be the topic. Still, Putin said any Ukraine food exports are tied to NATO dropping their economic sanctions against Russia. This has been their stance for the past two…
Ukraine corridor 3.0 is being tried. Grain futures pushed lower again overnight, as for the third time again grain futures reacted to the possibility of Russia opening up humanitarian corridors out of Ukraine’s black sea ports. The current negotiations are to have exports allowed out of Odessa if Turkey would de-mine the port and act…
Continued hopes of a Ukraine grain corridor drive prices lower. Grain prices are sharply lower again this morning, on follow-through from yesterday’s sharp break triggered by conversations at the Davos meeting that is encouraging the prospects of opening up Ukrainian exports through exports. New headlines overnight had the algorithm machines in high sell mode as…
Wheat prices lift overnight trade. Grain futures had wheat firm overnight while corn and soybeans traded two-sided. Yesterday’s NASS crop progress data had 72% of the corn planted with 50% of the soybeans in the ground. Only 49% of the spring wheat crop was seated through Sunday. Spring wheat was the price leader overnight, as…
Wheat prices lift on lack of grain corridor compromise. Grain futures were higher overnight, led by the wheat market. Russia rejected the UN’s negotiations to allow grain export corridors through Odessa and Belarus to move Ukrainian grain to lessen the international food crisis. Also, less than ideal weather for the EU, Chinese, Brazilian, and Canada…
Cattle On Feed On Feed: 102% vs 101.5% estimate Placed: 99% vs 96.5% estimate Marketed: 98% vs 97.9% estimate Data is slightly negative to pre report estimates, cattle look to be called softer with support coming from already experiencing heavy selling for the week prior to the report
Wheat prices return to last Friday’s values. Grain futures again found selling for the third day across the board overnight in wheat and corn, as liquidation continues from the spike high in the Tuesday session to new contract highs for the hard wheats. The lack of export interest for wheat and corn at this past…
