The grain trade presses the week’s highs at the end of the week. This morning’s grain trade shows follow-through buying from yesterday’s strong price performance. Soybean oil supports soybeans regarding the strength maintained in Malaysian palm oil. Yesterday morning’s export sales figures put the week’s corn buying activity above what traders expected, with 1.7 million…
The grain trade is short covering ahead of some key reports. There is a firmer grain trade today, as short covering arrives ahead of US weekly export sales, Stats Canada’s grain production report this morning, and Friday’s jobs numbers, which will have an effect on the US dollar. Next week is the December WASDE report…
The grain trade is soft after yesterday’s poor close. This morning’s grain trade is softer after yesterday’s poor closing, erasing early morning gains. The US dollar is firmer again this morning, trading above 106, while South American FOB soybean premiums continue to look to be in retreat ahead of their respective large crop. This Friday’s…
The grain trade pushed higher overnight, with soybeans and wheat seeing double-digit gains This morning’s grain trade is higher across the board, as the Trump Trade, rains in South America, and fears of slowing grain sales could not get soybeans to push below 975 on Monday. With so much negative news digested, short covering is…
The grain trade starts the week on a softer note. There is a softer grain trade this morning as the session gets underway for a full week. Despite a weak Brazilian real currency and abundant South American rains, soybeans still remained in a range of 975-1000. Wheat awaits export news to take it out of…
This morning’s grain trade will have soybean oil sharply higher while soybean meal will be lower. This morning’s grain trade will have an interesting take on soybean products. A sharp reversal of Wednesday’s action will occur as Indonesia will install their B40 biodiesel blends on January 1, which will have soybean oil sharply higher. Conversely,…
Grains closed today at regular time and will not reopen until Friday morning at 8:30 a.m. CDT. The corn and soybean markets are showing some signs of strength this morning, while wheat seems more influenced by spread action ahead of delivery than anything. The front month is trying to trade higher, but weakness is seen…
Grain futures firm despite Trump’s tariff talks. Grain futures started mixed overnight, but we saw wheat and soybeans advance in a “sell-the-rumor, buy-the-fact” type mentality as the evening progressed. Late in the day yesterday, we got our first shot of tariff talk from President-Elect Trump since the election. Trump posted on his Truth Social website…
Spread action flips overnight with soybeans firm and grain softer. This morning’s grain trade reversed last week’s action via spreading. Soybeans are bought, while wheat and corn are sold. We are heading for the first notice day for the December grain contracts, which is Friday, and liquidation is noted on the December corn and wheat….
Will Russia/Ukraine have issues again over the weekend? This morning’s grain trade has turned firmer after a soft trade, with the US dollar pushing to a new 13-month high of 108.07 before retreating half its gains. Despite the dollar’s strength, gold pushed over 2700, while bitcoin challenged 99,500. We could see a short-covering day today,…