Weather models flip from dryer yesterday noon in Argentina to wetter overnight. This morning’s grain trade is lower on corn and sharply lower on soybeans and wheat as yesterday’s pre-noon forecast was pulling rain for Argentine this weekend but then put them back in again in the evening and overnight. The 8-15 day window models for…
The grain trade is firm in the overnight. This morning’s grain trade is firm to a few pennies higher in the overnight session. Argentina’s rain forecast competeing models cannot agree on whether the rain events January 19-24 are widespread rain showers or more of the soaking kind. The EU model is the one that is…
Yesterday’s COT report shows corn longs have turned around 600,000 contracts from their August short. This morning’s grain trade has a light Turnaround-Tuesday going for soybeans and corn while wheat tries to find traction on further short covering from yesterday’s trade. The COT report was released Monday afternoon, delayed from its normal Friday release, due…
New recovery highs were found overnight, with selling developing late in the morning. This morning’s grain trade is again higher, though soybeans have relaxed about a dime off of overnight highs. Friday’s yield drop came from the NAS S adjusting seed moisture back to 15-15.5% in corn and 13-13.5% in soybeans on its operational fields….
USDA Report 1/10/25 Report was Bullish, both corn and soybean yield estimates were well below average guesses. Corn was below the lowest estimate. Data, friendly for corn and soy beans, while wheat acreage was higher than the average guess.
WASDE crop report at 11:00 CT today. Corn and soybeans are higher this morning, led by a sharply higher soybean all market, as the Treasury Department is expected to release their in-term guidance on the clean fuel tax credit, 45Z. These guidelines have been awaited for months as they could allow the US biofuel industry…
Grain and livestock futures close at 12:15 CT today. This morning’s grain trade is mixed with corn showing a penny gain while wheat futures are steady-one penny lower. Soybeans are off 3-4 cents as they recover from overnight selling as the long-term weather models maintain hope for moisture in the dry southern Brazil and Argentine…
The US dollar strengthens to 109 overnight. This morning’s grain trade is softer, led by the wheat trade, as the US dollar surges back to 109.00. Rumors have leaked that Pres. Trump will enact a National Economic Emergency Tariff to apply to specific countries, which caused the Chinese Yaun to fall overnight. Soybean oil was…
Grain futures recovered sharply overnight from last Friday’s break to start the week on SA weather. The overnight grain trade opened higher and continued higher throughout the night session regarding Argentina and Southern Brazil weather. We are starting to see some genuine concern develop over too much dryness, with heat building in parts of Argentina…
