Grain futures remain concerned with load-out capacity of the Gulf. Grain futures experienced a firm start overnight again with a high by 3 AM, just to see prices drift again into the night session close. The focus of the grain trade again stays on the Gulf export corridor and when electricity will be restored to…
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Grain futures are concerned with load-out capacity of the Gulf. Corn and soybean moved higher in the evening session while wheat values were stagnant. Selling pressure renewed early this morning as reports came in on Gulf export capacity. CHS is reporting minimal structural damage, but that the restoration of power could take weeks. As a…
Crop Condition Ratings Corn ratings gd/ex came in at 60% which is steady from last week’s 60%, average guess was steady. Bean ratings gd/ex came in at 56% which is steady from last week’s 56%, average guess was steady. Data is considered neutral with pre-report expectations.
Grain futures are mixed for the start of day session Monday trading. Grain futures initially overnight, on Hurricane Ida bringing damage to crops in the Gulf states that are harvesting throughout the Delta, along with forecasts that keep the Eastern corn belt dry for its finish. Heavy selling in the September grain contracts on last…
Row crop prices drift overnight. Corn and soybeans moved lower overnight, as the best rains of the growing season fell across Minnesota and Iowa overnight with totals of .5-3.00″. The debate is how much yield benefit the moisture would produce? Seed size for soybeans can be boosted, but the yield to help corn will be…
Grain futures are mixed Thursday morning. Row crop futures softened overnight after a three-day recovery rally that had corn and soybeans challenging their 50 in near 100-day moving averages. Technical resistance caused a pause in overnight trade. Wheat futures firmed along with French milling wheat as the recent break sparks new end-user interest after a…
Grain futures lower to start Wednesday. Grain futures are mostly lower this morning, with most of the weakness in the winter wheat contracts. After a sharp two-day rally, row crops have rolled into a minor correction as lite to moderate rain fell across N Illinois, with the radar showing showers across Southern Iowa this morning….
