After a robust session on Thursday, the grain trade retreats overnight ahead of the weekend. Grain Overview Grain futures traded lower overnight, with corn, soybeans, and wheat all under pressure as a lack of buying interest weighed on the broader commodity sector. Weakness extended well beyond agriculture, as the US dollar, energy markets, and equity…
Hogs and Pigs 6/25/26 All Hogs and Pigs: 100 vs 100.9 estimate Kept For Breeding: 99 vs 99.3 estimateKept For Marketing: 100 vs 101.1 estimate Report is friendly to pre-report estimates. Look for a strong opening tomorrow.
The wheat trade remains seasonally weak this morning. Heat is on the way to the corn belt, but it is currently welcome. Grain Overview This morning’s grain trade is mostly lower, led seasonally again by wheat. This Friday is option expiration, while first notice day is next Tuesday. French milling wheat is softer today by $1.25…
Grain futures find strength while outside energy and metal markets collapse. Grain Overview Grain futures managed modest gains overnight as value buying emerged across the agricultural sector. Corn, in particular, has become increasingly attractive from a global pricing standpoint after an extended selloff pushed futures into technically oversold territory. While downside momentum has slowed, the…
The grain trade flounders above recent price lows. Grain Overview Grain futures found support overnight, with corn, soybeans, and wheat all posting gains as traders covered short positions. Wheat futures again followed a familiar seasonal pattern, fading from their overnight highs as the session progressed. Recent selling pressure appears excessive in corn and wheat, leaving…
2-sided trade occurred overnight, as Iran/US talks shifted. Grain Overview Grain futures did open higher last night, with crude oil pushing $78.00 amid vitriol between the US and Iran over reports that the MOU was falling apart. Overnight headlines shifted that, by morning, we have crude oil off $1.31, trading at 74.54, as the Iranians…
Cattle On Feed On Feed: 102% vs 102.5% estimatePlaced: 90% vs 94.5% estimateMarketed: 88% vs 89.4% estimate The report is friendly to pre-report estimates on a friendly placement number
Today is the last trading day of the week before closing for a three-day weekend. Grain Overview After yesterday’s strong performance, corrective action is taking place ahead of a three-day weekend. Markets will close at the regular time today and resume Sunday night at 7:0 p.m. CT. Export sales this morning again showed consistent sales…
Rumors continue about new export demand, with hopes of Chinese new-crop buying. Grain Overview The grain trade firmed substantially overnight, fueled by continued rumors that China may soon purchase new-crop US beans and by potentially lower tariffs that will encourage purchases of corn and wheat. Also, France is experiencing a severe heat wave that is…
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