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…
Grains start Thursday with a soft tone led by wheat. Futures see modest pressure early Thursday as traders take profits following Wednesday’s rally. The market remains choppy and directionless as it weighs conflicting signals. Overall, US weather continues to be supportive, and combined with expectations for a large crop, this is keeping a lid on…
China shopping for US soybeans? Corn continued its short covering for the third day overnight, while soybeans bounced off $10.00 on some chatter that China is shopping for soybeans off the Pacific Northwest. Freight rates reveal that someone is looking for something in that area. China currently has no corn, soybeans, or wheat bookings from…
Another soft trade greets the morning action grains. Improved crop ratings and generally favorable weather conditions across the US are putting early pressure on the market in Tuesday’s session. US corn continues to hold one of the best condition scores on record, while soybean ratings rose 4 points from last week. Spring wheat ratings also…
Grains reverse overnight weakness. The grain market opened softer overnight as expected, but corn and soybeans reached our targeted support zones along with wheat crowding last week’s support lows, found a short covering bounce that reversed all markets substantially off of overnight lows. The fears of the Mexican and Canadian tariff threats are a bit…
USDA WASDE Crop Acreage Report 7/11/25 Carryout numbers were slightly favorable for corn, not only domestically but also in the world stocks. However, they were ignored due to rising production perceptions. The rest of the data was close to pre-report estimates.
