Metals continue to push into new all-time highs. Overnight trading carried forward the bullish momentum from Monday, with corn, soybeans, and wheat all maintaining modest gains. A key driver this morning appears to be renewed interest from managed money, spurred by a renewed decline in the US dollar. Safe-haven buying has taken hold across multiple…
The grain trade starts Christmas week with moderate strength. Corn, soybeans, and wheat are higher this morning as the holiday-shortened week begins. Much of the support appears to stem from short covering, with traders squaring up positions ahead of the Christmas break after leaning heavily on the sell side in recent sessions. The upcoming Christmas schedule…
Cattle On Feed On Feed: 98% vs 98.4% estimatePlaced: 89% vs 92.0% estimateMarketed: 88% vs 88.7% estimate Report is slightly friendly compared to pre-report estimates.
Friday’s day session gets underway with mixed expectations. After a mostly softer night trade, grains went out with a mixed morning close. Some of today’s trade will be positioning ahead of the next two weeks, with possible short-covering developing in soybeans and wheat. Corn is maintaining its strength on the week as ethanol margins remain…
Corn maintained strength overnight on rumored Chinese buying interest. This morning’s grain trade had the morning session, and with corn again leading the strength, followed by HRW wheat. Soybeans were steady. Export sales numbers this morning were solid, with corn at 1.792 MMTs and soybeans at 1.106 MMTs. Corn continues to impress not only with…
Corn leads overnight recovery bounce. Meanwhile, metals continue to soar. The grain trade managed a slight bounce in the overnight session, as crude oil rallied $1.00 off yesterday’s lows on renewed Russian oil sanction talks if they do not accept the current peace agreement. By morning, the advances were limited to fractional gains or losses with…
Wheat continues on retreat despite further attacks on Russian oil infrastructure. Putin is quiet about any retaliation, even though he threatened it weeks ago. Overnight futures trade was narrowly mixed, with grains trending slightly lower while soybeans posted modest gains. As expected, much of this movement stems from end-of-month, quarter, and year positioning. With this…
Soybeans find a steady start to the morning for the first time in two weeks. Corn and soybeans are trading narrowly mixed in the overnight session, while wheat is facing a bit more selling pressure. News flow remains light and is expected to stay that way through much of the week. Today brings the November…
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