Grain prices eat up Turnaround Tuesday’s correction. After yesterday’s rumble and setback into the close, soybeans immediately from the night session opening pushed higher, followed by the grains. China is likely to be active again in looking for products. The building view is that China may be in for more than 12 million metric tons…
Monday’s strong gains held for the most part overnight, with soybeans gaining further. Grain markets are drifting slightly and are mixed in overnight trade, while soybeans are clinging to modest gains. Yesterday’s rally hasn’t drawn much follow-through, but sellers aren’t stepping in aggressively either. So far, a typical “Turnaround Tuesday” has not materialized. The…
The first full week of trading brings buying interest into grains. WASDE report next Monday. Corn, soybeans, and wheat are all starting the week with gains as fresh managed money flows back into commodities. Last week’s oversold conditions across the grain complex are drawing in bargain hunters, and with volume returning to more normal levels following…
Happy New Year! Corn and wheat are called firm to start the session, while soybeans are softer. Happy New Year! The grain markets are called steady and firm for corn and wheat, while soybeans are steady and softer on recirculating bean deliveries. Opened firmer this morning, but volume is extremely light. Most traders finished adjusting…
The last trading day of the year is upon us. Happy New Year’s Eve! Happy New Year’s Eve to everyone!! With gratitude, we would like to thank you for the past year and for allowing us to provide you with morning information ahead of the bell, along with interpretations of market movements in the afternoon. The…
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…
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