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Turnaround-Tuesday in play. Turnaround Tuesday has made its presence felt in the overnight trade, following strong gains into Monday’s close. Despite the firm start to the week, a lack of fresh news and the beginning of the US harvest season are both applying pressure to the futures market. Yield results for corn and soybeans continue…

WASDE crop report this Friday. Grain futures opened the week trading in a narrowly mixed pattern. Corn is seeing modest pressure, while soybeans and wheat are posting slight gains. Weather is a key driver this morning, as frost has been reported in parts of the Northern Midwest. Although no major freeze events have been confirmed,…

Yields are starting to get lowered for the September 12 WASDE crop report Corn, soybeans, and wheat are trading on the plus side ahead of the weekend as short covering develops. This week’s pressure has come from a lack of bullish news, not from bearish news, and this has lessened selling pressure. Corn and soybeans…

Corn futures retain strength overnight Corn firmed late in the night session, while soybeans and wheat were again under pressure from a lack of bullish news in the overnight session. Much of the news we see in the market is simply updates to stories we already know, which has greatly diminished market interest. Concerns over…

Grains Mixed On The Morning Session Wheat is mixed this morning with corn and soybeans, softer. The weakness in soybean oil has the bean market back testing yesterday’s lows despite a surprise drop in crop ratings of 4% in the good to excellent category. Soybeans expected a seasonal decline in the good/excellent category by 1%…

Selling dominates the start of the month. After a substantial upside move in the metals overnight, with silver reaching new 11-year highs of $41.99 and crude oil rallying to $66, up two dollars on the session, they are now deflating across the board, with stock indexes coming in sharply lower to start the first trading…

Corn finds follow-through buying from yesterday’s strong close This morning’s grain trade has a firm corn market, with yesterday marking the third-largest weekly export sales number on record. The trade is mixed on wheat, while soybeans soften. Bean oil has continued to weaken since last week’s euphoric high, as the EPA movement for reallocating SREs…

Canada released its crop numbers this morning. Futures are trading in a narrow, mixed range this morning as the market awaits fresh direction. With little new information available, traders are focused on actual harvest data rather than adjusting positions based on crop estimates. Tomorrow marks the first notice day for September contracts, and with a…

The grain trade softens overnight. Grain trade is under pressure this morning, with wheat leading the weakness. Soybeans are trying to find support as weather models continue to indicate a dry finish to the growing season. While no significant soybean production losses are expected, given current balance sheets, the complex cannot afford yield losses of…

Beans bounce on hopeful trade talks. Grains are mixed this morning, while soybeans get another firm bounce as the Wall Street Journal put out a story that a senior Chinese Trade Negotiator will be traveling to meet with US officials later this week. Speculation is that the visit is related to a desire by the…