Cattle On Feed
Cattle On Feed On Feed: 98% vs 98.3% estimate Placed: 82% vs 85.4% estimate Marketed: 91% vs 91.9% estimate Placements lower than average estimates by 4% while marketed was a little softer, overall a friendly report for feeders.
Morning Update
Weather forecasts remain dry for HRW despite yesterday’s forecast of hints of moisture in the long-term models. Two-sided overnight trading ended with a mixed tone to start the last trading day of the week. April options against the May grain contracts expire today, and there is a large contingency of over 6000 puts and calls…
Morning Update
Corn is higher on strong exports while wheat disappoints. This morning, the grain trade has corn higher while soybeans and wheat relax. Export sales data out this morning had corn at 1.5 MMTs, near the high end of expectations. The wheat trade had seen cancellations in the old crop status of seven -248,000 MTs, while…
Morning Update
The grain trade relaxes midweek. Grain futures are softer across the board this morning, consistent with early-week strength that gets checked midweek. The HRW wheat belt will be arid for the next 10 days, while forecast models are at odds with playing with moisture potential forecast in the 11-15 day window. This will be the…
Morning Update
HRW wheat ratings declined with more losses anticipated this week. Grain futures have wheat and soybeans gaining this morning, along with gold making new all-time highs to 3040 as the US dollar stays near one 03. Kansas City wheat ratings declined, with the good/excellent ratings falling 4% to 48% from the prior week, while Texas…
Morning Update
Wheat again leads overnight strength with sharply higher gains. The overnight grain trade saw wheat trade sharply higher, pulling corn and soybeans in its wake. The dry windy conditions across the HRW wheat belt over the weekend along with India and its neighbors also seeing dry conditions exasperated by heat as they enter grain fill,…
Morning Update
KC wheat maintains overall grain strength heading into the weekend. This morning’s grain trade has wheat and soybeans firm while the corn market retreats from yesterday’s recovery. March futures expire at the close today, and deliveries of 125 contracts of soymeal, 24 contracts of soy oil, 11 contracts of KC wheat, 30 contracts of soybeans, and…
Morning Update
Grains recovers smartly from Wednesday’s sharp losses. This morning’s grain trade is higher across the board with soybeans leading the advance along with Kansas City wheat on dry windy weather concerns in the HRW wheat belt. Soybeans are finding strength off of soybean meal, helping produce major support in the 9.94-10.00 price range for beans…
Morning Update
Europe applies tariffs, turning corn and beans lower overnight. This morning’s grain trade is lower after yesterday’s WASDE report failed to lower corn carryout close to 1.5 Bil when many were expecting they would increase the grind by 25 Mil Bu and also boost exports. Instead, the USDA chose to kick the can down the…
USDA Report
USDA Report 3/11/25 The ending stocks were left unchanged for corn and soybeans but raised by 25 million bushels on wheat. World stock numbers were friendly for soybeans while slightly negative for the wheat trade. Corn and soybeans are still holding gains on the session while wheat retreats from recent strength.