A mixed grain trade starts Tuesday morning. This morning’s grain trade is mixed, with wheat and soybeans trading softer while corn remains firm. Corn is holding strong due to a slower-than-expected U.S. planting pace, with wet weather forecast across the Midwest following the Easter holiday weekend. While serious concern about spring seeding is still a…
HRW wheat is lower on potential rain after Easter. This morning’s grain trade is lower across the board, led mostly by losses in the wheat market due to potentially improving moisture for the HRW wheat belt over Easter weekend and into early next week. Meanwhile, soybeans are steady as non-Chinese buying continues to support the…
Wheat prices led the overnight recovery as soybeans challenged the 100-day MA. This morning’s grain trade is higher across the board, with wheat leading the gains due to dry weather in the Black Sea region. Notably, the U.S. dollar is trading below par (100.00) for the first time in three years. This represents a decline…
USDA WASDE Crop Report 4/10/25 The report was friendly for U.S. corn and soybeans carryout numbers and slightly negative for wheat.
April WASDE crop report out at 11:00 CT a.m. today. Grain futures are higher this morning, extending yesterday’s gains, as Trump pauses new tariffs for 90 days a move likely to allow for normal grain flows into mid-summer. Active export sales numbers continue to suggest that the USDA may be underestimating total corn supplies. All…
China places countervailing tariffs on the US of 84%. Grain prices were firmer overnight. Then, at 6 AM, when China announced their countervailing tariffs of 84% on US goods, they dipped too unchanged to slightly lower. They quickly recovered and are now headed out near the session’s best levels. This marks the third day in…
Soybeans lead overnight grain trade advance. This morning’s grain trade is firm, with follow-through buying from yesterday’s strong closes, led by soybeans. A strong overnight recovery in the stock market, with the Dow Jones gaining over 1,000 points, is also providing support. Soybeans are leading the strength as an Argentine crusher, representing 9% of the…
Wheat leads overnight recovery bounce in the grain trade. This morning’s grain trade is higher, led by wheat, as nearly complete dryness is expected to persist in the HRW wheat belt for the next two weeks. Additionally, SRW wheat is at risk of production losses due to massive flooding in the South-Central US following weekend…
China implemented 34% tariffs on all US goods early this morning This morning’s grain trade turned lower against world markets turned sharply lower in the early morning hours. At 5:00 a.m. CT, China announced retaliating tariffs of 34% on all goods imported from the US. This was China’s most aggressive retaliation against US rising tariffs…
World markets plummet on a more comprehensive tariff package. World markets are sharply lower this morning after President Trump introduced a more comprehensive tariff package than initially planned. The 54% US tariff on China was a surprise and is expected to provoke retaliation. China is the US’s third-largest importer of agricultural products, behind Mexico and…
