A new month and a new quarter has buying across commodities. After a softer night session, the grain trade is firmer across the board as we start a new month and a new quarter. Yesterday’s corn open interest was up a massive 35,432 contracts while soybeans gained 5046 contracts. It appears buying is entering in…
USDA Grain Stocks and Prospective Planting 3/31/25 The stocks number were near expectations. Corn acreage came in just above the whispered number of 95 million, while soybeans were near their estimate. Wheat acreage was the surprise, down over 1 million acres from the average guess. Total all grain and cotton acreage fell by 700,000 from…
USDA Stocks and Acreage Intention report out at 11:00 a.m. CT today. This morning’s grain trade is firm to higher, led by soybeans, while KC wheat is the weakest link on showers brewing across the driest areas of the HRW wheat belt (mainly on the EU model). Soybeans pressed the 1030 region overnight as soybean…
Grain selling continues as fears mount from Monday’s acreage report. This morning’s grain trade sees more ongoing selling as fears grow that a large acreage number for corn will be reported on Monday’s seeding intentions report. Meanwhile, wheat continues to find selling despite a GFS weather model remaining dry. Although the EU model wants to…
Soybean oil leads the strength in the overnight grain trade. Stability came to the grain trade overnight with soybean oil leading to soybean gains of 7-8 cents as Pres. Trump has asked the US oil and biofuel industry to work together and craft a new biofuel regulatory proposal they can both endorse. This would avoid…
Grain trade absorbs potential Russian/Ukraine cease-fire. This morning’s grain trade is mixed with wheat softer while row crops are steady/firm. Volume has dropped considerably, with three full trading days remaining until Monday at 11:00 a.m., when we receive the Stocks and Acreage Intentions report. The average estimate for corn is at 94.4 million acres, soybeans…
Turn-around Tuesday is yet to develop. The grain trade is softer this morning as volume is notably dropping off as we get to the end of the month with the Stocks and Acreage Intentions report on March 31 and Trump’s tariff date of April 2. When volume declines, volatility can increase, but selling appears to…
Grains to soften overnight, on potential Black Sea moisture in two weeks. After a firm/higher start in the grains overnight, selling entered shortly after and continued throughout the night. Selling pressure is tied to the European weather model suggesting some moisture moving into the Plains in the 12-14 day window. The market is highly sensitive,…
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.
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…
