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Interesting observation. French milling wheat is producing an out-side day up. Supporting US values.

Grains open lower overnight on Argentine tax reduction and favorable weather. Grain prices opened softer last night, but that was about as bad as it could get after the news that the Argentine government reduced their ag export taxes on Saturday, along with what is considered favorable weather. What could have been more substantial price…

Cattle On Feed On Feed: 98.4% vs 99.2% estimate Placed: 92.1% vs 98.0% estimate Marketed: 95.6% vs 96.4% estimate All cattle and calves: 99%Cattle and calves on feed: 99%Calf Crop: 99% All categories were considered friendly compared to pre-report estimates. Anticipate a sharply higher start to Monday’s trade.

Grain prices are on track to slip lower this week seasonally. Futures moved lower overnight, pressured by a lack of fresh developments and light participation ahead of the weekend. Market sentiment remains mixed as crop updates continue to point to the loss of the “top end” yield potential for the US corn crop. However, this…

Short covering is in vogue to start Thursday’s grain trade. Short covering is giving the market some much-needed support this morning. Futures were starting to crowd oversold, with a market mostly void of risk premium. US crop conditions remain favorable, but we did see deterioration in soy condition last week. Reports are starting to come…

Short covering is in vogue to start Thursday’s grain trade. Short covering is giving the market some much-needed support this morning. Futures were starting to crowd oversold, with a market mostly void of risk premium. US crop conditions remain favorable, but we did see deterioration in soy condition last week. Reports are starting to come…

Pres. Trump announces Japanese trade deal. Overnight futures trading was mixed, with prices fluctuating on both sides of unchanged. Much of the movement stemmed from headlines that the US and Japan have reached a new trade agreement, though specific details remain limited. The deal raises hopes for expanded trade between the two nations, which is…

Soybean crop ratings declined for soybeans, with minimal market reaction. This morning’s grain trade has wheat finding footing while corn and soybeans remain soft. Soybean ratings had dipped yesterday, causing a firm start to the night session, but gave way to selling, as price seasonals remain weak now through the end of the month. There…

Wheat recovered from overnight losses while row crops show mild weakness from weekend weather. Overnight markets were mainly mixed, with corn and soybeans trending lower while wheat posted modest gains. Corn and soybean futures are under pressure to start the week following weekend rainfall across some of the Corn Belt’s driest areas, particularly in northern…

Corn and soybeans recovered this week from what they lost last week. Corn and soybeans continue to move higher from yesterday’s consolidation. Early Monday morning’s lows for December corn near 408 and November soybeans at 998.2 proved to be a vacuum that index funds could not get others to follow their selling. Since Monday, we’ve…