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Again, new annual highs overnight for soybeans and soybean oil. Soybean futures are again higher today, along with corn in tow. Soybean oil is again reaching new annual highs, as the Trump administration has released a plan that will require big oil refineries to make up for at least half of the biofuel blending volume…

Just a note that corn is waking up ahead of first notice day. A close above 441 in May corn today would reopen the upside movement.

Another new price high for soybeans overnight. Overnight, soybeans were firmer, gaining a dime at one point in the early session on hopes Pres. Trump would make friendly comments. Yesterday, Ag markets found support from chatter that China may be in the market for May soybean shipments out of the Pacific Northwest, along with fresh…

Wheat extends its correction that began yesterday, while soybeans consolidate. The overnight grain trade was mostly soft, but at the end of the night session, weakness was only in soybeans and Kansas City wheat. Wheat is trying to go into its second day of correction trading after last week’s spectacular rise, while soybeans are consolidating…

The grain trade softened overnight, but did not implode on Pres. Trump’s 15% section 302 tariffs. Grain futures opened a steady soft on the Sunday evening session and maintained moderate losses in the night session. Global confusion over Pres. Trump’s use of tariffs, which he reapplied under Section 301, up to 15%, has the grain…

Cattle On Feed On Feed: 98% vs 98.4% estimatePlaced: 95% vs 96.7% estimateMarketed: 87% vs 86.7% estimate The report is slightly friendly feeder cattle vs pre report estimates.

Grain and soybean futures consolidated overnight and again pushed higher this morning. The grain trade is mostly higher across the board this morning, with Chicago wheat playing catch-up on the wheat spread. Yesterday’s strong gains in wheat and soybeans were consolidated overnight, and further strength is developing today. This is frustrating the bears who thought…

This morning, strength has wheat being the leader. USDA has a lower corn acreage expectation. The grain trade finds this morning with wheat the leader. Soybeans had a bout of buying overnight, as demand from both export sales and domestic consumption remains elevated. This is even with fewer Chinese businesses than last year. The wheat…

Soybean oil leads overnight grain strength. The overnight grain trade did a Turnaround-Tuesday on Wednesday, with markets moving in the opposite direction after the first trading day of the week, when they reverse from a meltdown or a blowup. Soybeans pushed higher, following soybean oil bolting to new high overnight as rumors are circulating that…

China and South America are on holiday, trading volume is thin. The grain trade is soft this morning with soybean oil having recovered to a higher price, supporting beans. China is on holiday today as their celebration of the Lunar New year, while South America celebrates Fat Tuesday. Trading interest was low-volume overnight as we…