Turnaround Tuesday is trying to make an appearance. Futures are mixed this morning, with consolidation following yesterday’s sell-off. Yesterday’s losses were not so much from fresh selling but rather from profit-taking on existing positions. This was most notable in the outside markets, primarily the precious metals, with several contracts seeing sharp declines. This pressure spilled…
Silver leads the metal decline overnight, with stock indexes and grains following. Corn, soybeans, and wheat overnight started the week on a firmer note than fell into selling pressure that continued throughout the night, mirroring broader weakness across several commodity sectors. The sharpest declines are showing up in metals, where managed money is quickly exiting…
Again, metals push new all-time highs, while grains are called steady-higher to start Friday’s trade. The grain trade is expected to be steady-higher to get back underway after Christmas Day. Soybeans are called 1-3 cents higher, with corn and wheat 1-2 cents higher. Follow-through from constructive chart patterns with a grain rally that continued from…
The grain trade is firm for a Christmas Eve Day morning start. Merry Christmas Eve to you and your family! The markets close at what12:05 p.m. CT for grains and 12:15 CT for livestock today and will reopen agricultural markets at regular times on Friday for a full trading session. The January soybean options expire…
Metals continue to push into new all-time highs. Overnight trading carried forward the bullish momentum from Monday, with corn, soybeans, and wheat all maintaining modest gains. A key driver this morning appears to be renewed interest from managed money, spurred by a renewed decline in the US dollar. Safe-haven buying has taken hold across multiple…
The grain trade starts Christmas week with moderate strength. Corn, soybeans, and wheat are higher this morning as the holiday-shortened week begins. Much of the support appears to stem from short covering, with traders squaring up positions ahead of the Christmas break after leaning heavily on the sell side in recent sessions. The upcoming Christmas schedule…
Cattle On Feed On Feed: 98% vs 98.4% estimatePlaced: 89% vs 92.0% estimateMarketed: 88% vs 88.7% estimate Report is slightly friendly compared to pre-report estimates.
Friday’s day session gets underway with mixed expectations. After a mostly softer night trade, grains went out with a mixed morning close. Some of today’s trade will be positioning ahead of the next two weeks, with possible short-covering developing in soybeans and wheat. Corn is maintaining its strength on the week as ethanol margins remain…
Corn maintained strength overnight on rumored Chinese buying interest. This morning’s grain trade had the morning session, and with corn again leading the strength, followed by HRW wheat. Soybeans were steady. Export sales numbers this morning were solid, with corn at 1.792 MMTs and soybeans at 1.106 MMTs. Corn continues to impress not only with…
