Soybeans lead overnight recovery ambitions. Grains are mostly firmer today, with soybeans leading the recovery bounce. Export sales numbers this morning were very strong, with corn at 1.66 million metric tons, while soybeans came in at 376,700 metric tons. Statistics Canada released their Canadian grain stocks as of March 31. They reported wheat stocks at…
The US and China are at the table talking. The grain trade moved higher overnight following yesterday afternoon’s announcement that the US Treasury Secretary and the Trade Ambassador will meet with top Chinese trade negotiators later this week in Geneva, Switzerland. Rumors are circulating that tariffs may be cut by 50 percent as the new…
This morning’s grain trade is mixed. Grains this morning are mixed on Turnaround Tuesday, while gold continues to recover recent losses sharply and is up $71 at 3394, as the US dollar again retreats from the 100.00 valuation. The US dollar has maintained a weak stance since the start of the year, which has supported…
A lower grain trade starts early week trading. This morning’s grain trade is mostly softer, except for Minneapolis wheat, which shows slight gains of a penny or two. Last night’s market opening was influenced by a sharp drop in crude oil after Saudi Arabia announced plans to push OPEC’s oil production up by 2.2 million…
Grain prices firm on thawing Chinese/US relations. Grain prices firmed overnight as news sources on Twitter and major media outlets reported that the Chinese Commerce Ministry is discussing the possibility of trade talks with Washington. The grain market is gaining strength on hopes that the tariff battles will de-escalate and signs of potential progress soon….
The grain trade is starting firmer this morning, corn having good export sales. This morning’s grain trade is steady and firm, with corn building on its recovery from the lows seen on the first notice day yesterday. Export sales reported a solid 1 million metric tons, continuing to outpace USDA expectations, prompting adjustments to export…
First notice day deliveries are mostly soybean oil and meal. This morning’s grain trade is mixed. Soybeans are posting losses of nearly $0.10, driven in part by deliveries of 852 contracts in soybean oil and 629 contracts in soybean meal. Kansas City wheat saw 430 contracts delivered, compared to just 88 contracts for Chicago wheat….
First notice day for May grain contracts is Wednesday. This morning’s grain trade is mixed with wheat, leading the recovery after the heavy selling experienced yesterday and the low of new contracts. Turnaround Tuesday is set there as strength is led by the May Minneapolis wheat contracts, which are set to rise by over $0.14…
First notice day for May grain contracts is Wednesday. Last night’s grain trade opened soft and remained under pressure, driven by improving weather forecasts for spring planting. Volume was lower than usual, partly due to conflicting media reports about whether the U.S. and China are genuinely engaged in trade discussions. Given China’s tendency toward propaganda…
Options expire for May grain contracts today. Grain futures are trading mixed this morning after trending higher for most of the overnight session. Soybeans extended their recent rally, decisively breaking above the 200-day moving average. This move was supported by news that Japan will include soybean purchases in its ongoing tariff negotiations—a significant development, as Japan…
