Grains climb higher again overnight, as the U.S. dollar potentially breaks down on the monthly charts. Grains have created a morning event that has remained a constant: higher starts over the past week. The only question is: can the day-session seller vigilantes stall it out again? Meanwhile, gold adds another $200 in gains on the…
Grains rally as index funds find renewed interest in ownership. Corn, soybeans, and wheat are all seeing gains in overnight trade, boosted by renewed interest from managed money. However, the real momentum is in the metals market, gold has surged nearly $200 an ounce and silver is up over $7, driven by growing concerns over…
Turnaround Tuesday looks promising for grains if the selling vigilantes can be pushed back on the day session opening. Grains are firmer this morning, in Turnaround-Tuesday style, and soybeans are ignoring yesterday’s outside-day lower close. (I discussed this in yesterday’s newsletter, how the outside-day movements don’t carry the leverage they used to years earlier, as…
Grains are fading after overnight strength, even though the US dollar is breaking below 97.00. Typically, this is a supportive event. This morning, the grain trade is fading from last night’s early strength, as the US dollar tipped lower and metals surged to phenomenal new all-time highs, with gold now well above 5000 and silver…
Cattle On Feed On Feed: 96.8% vs 96.8% estimatePlaced: 94.6% vs 92.6% estimateMarketed: 101.8% vs 101.5% estimate The report is slightly negative relative to pre-report estimates because placements were a bit higher than expected.
Large export sales numbers have the grain trade near weekly highs this morning. This morning’s grain trade is higher across the board, in anticipation of strong export sales numbers being released. Those numbers were solid with corn having a massive rebound of exports after the holidays at 4.01 MMTs, soybeans at 2.115 MMTs, and even…
Another night session that grains love to rally in. Will the seller vigilantes prevail again in the day session. Grain futures produced another plus side night session, which again will have to tend to the day session seller vigilantes. Strength came overnight as Pres. Trump and his call for 10% tariffs on Europe starting February…
Grains continue to recover from WASDE and potential EU sanctions. This morning’s trade sees a recovery rally and also exceeds yesterday’s highs in some areas. Yesterday, the grain markets absorbed a pretty negative impact from a new story with the President. Trump announced a tariff on eight EU countries starting February 1, and if they…
Grains slip slightly amid chatter about new tariffs on Europe. Corn, soybeans, and wheat are all starting the week under pressure as managed money shifts heavily into outside markets, particularly the metals. Gold has jumped more than $130, and silver is up over $6 in early trade as safe haven buying ramps up amid heightened…
Grains attempt another overnight rally. Will they retain the strength in the day session? Futures are posting gains in overnight trade as light buying persists across the board. While fresh headlines are sparse, the market is still digesting a busy week of data. Export demand for U.S. corn and soybeans remains impressive, and traders are…
