Soybean oil again weighs on soybean prices. This morning’s grain trade saw firm corn and wheat during the night session, while soybeans remained under pressure due to losses in soybean oil. Weakness developed in the morning session after President Trump tweeted that China was violating the recently updated tariff rules. This took the momentum out…
The grain trade had a volatile evening session. The grain trade opened higher last night following news that a Federal Trade Judge blocked President Trump’s reciprocal tariffs, stating he did not have the authority to implement them. The White House has already appealed the ruling to the Appellate Court and has the option to take…
Corn and wheat prices try to lead overnight strength. This morning’s grain trade is mixed, with wheat and corn showing small gains while soybeans have slipped to trendline support. Grains are finding support from the weekly Crop Progress report, which showed lower than expected ratings for both corn and wheat. U.S. winter wheat ratings slipped…
Corn and wheat softened overnight while beans maintain price strength. This morning’s grain trade is mixed after a mostly firm start last night. Wheat and corn values have weakened due to improved weather forecasts for the Western Corn Belt, with rain moving through some of those states this morning. Soybeans remain firm as President Trump…
Cattle On Feed On Feed: 98.5% vs 98.5% estimate Placed: 97.4% vs 96.8% estimate Marketed: 97.5% vs 96.7% estimate The report came out similar to the pre-report estimates, impact on Tuesday’s reopening should be neutral.
The grain trade is softer ahead of the three-day weekend after strong gains this week. The grain trade is softer this morning, with soybeans breaking in the early hours after President Trump announced he would raise tariffs on the European Union by 50 percent, effective June 1, citing a lack of progress in trade talks….
Soybean oil struggled overnight with changes to 45Z tax credits. This morning’s trade is mixed following a mostly lower evening session. Last night’s correction began as soybean oil moved sharply lower due to disappointment over the 45Z tax credits being diminished in the Congressional budget bill. The credits lost transferability, reducing their value to biofuel…
Grains are universally higher this morning. The grain trade is higher this morning as buying interest continues to resurface, with index funds actively short covering in both wheat and corn. One driver of this move is the addition of a risk premium, as more doubt is being cast over current USDA production estimates, especially for…
Spec trade: Sell an August Live cattle at the market, 207.75 last with a 210.12 stop.
