The September WASDE report is out at 11:00 a.m. CT. After a mostly firm night session, the trade turned mixed. The main event in today’s grain trade will be the release of the September WASDE report at 11:00 a.m. CT. Market expectations are mostly centered on modest adjustments to the August figures. For corn, analysts…
Brazil’s final bean production is slightly lower than expected. Soybeans are showing strength this morning, while corn is steady. Wheat is having penny losses, with Chicago wheat making a new contract low. CONAB released its final crop estimates, and soybeans came in below the average trade guess, supporting soybeans this morning. Today’s session will feature final…
A mixed and near steady start for this morning. After a soft night in trading on pricing, the morning wakes up to a mixed morning with minor strength in wheat while beans and corn find a near stable start to the day. As always, we are dealing with a lack of fresh news and low-volume…
Turnaround-Tuesday in play. Turnaround Tuesday has made its presence felt in the overnight trade, following strong gains into Monday’s close. Despite the firm start to the week, a lack of fresh news and the beginning of the US harvest season are both applying pressure to the futures market. Yield results for corn and soybeans continue…
WASDE crop report this Friday. Grain futures opened the week trading in a narrowly mixed pattern. Corn is seeing modest pressure, while soybeans and wheat are posting slight gains. Weather is a key driver this morning, as frost has been reported in parts of the Northern Midwest. Although no major freeze events have been confirmed,…
Yields are starting to get lowered for the September 12 WASDE crop report Corn, soybeans, and wheat are trading on the plus side ahead of the weekend as short covering develops. This week’s pressure has come from a lack of bullish news, not from bearish news, and this has lessened selling pressure. Corn and soybeans…
Corn futures retain strength overnight Corn firmed late in the night session, while soybeans and wheat were again under pressure from a lack of bullish news in the overnight session. Much of the news we see in the market is simply updates to stories we already know, which has greatly diminished market interest. Concerns over…
Grains Mixed On The Morning Session Wheat is mixed this morning with corn and soybeans, softer. The weakness in soybean oil has the bean market back testing yesterday’s lows despite a surprise drop in crop ratings of 4% in the good to excellent category. Soybeans expected a seasonal decline in the good/excellent category by 1%…
Selling dominates the start of the month. After a substantial upside move in the metals overnight, with silver reaching new 11-year highs of $41.99 and crude oil rallying to $66, up two dollars on the session, they are now deflating across the board, with stock indexes coming in sharply lower to start the first trading…
Corn finds follow-through buying from yesterday’s strong close This morning’s grain trade has a firm corn market, with yesterday marking the third-largest weekly export sales number on record. The trade is mixed on wheat, while soybeans soften. Bean oil has continued to weaken since last week’s euphoric high, as the EPA movement for reallocating SREs…
