Corn and wheat continue higher post-WASDE. This morning’s grain trade has corn pressing the October high this morning trading over 4.50 as they continue to respond to yesterday’s USDA report, which contained a bullish surprise for corn, with carryout coming in 200 million bushels lower than last month’s estimate and 168 million bushels below trader’s…
USDA Report 12/10/24 Report was friendly for corn and wheat. The carryout on corn dropped below 1.8 billion bushels, falling below last years old crop carryout.
The November WASDE report is out at 11:00 CT a.m. today. This morning’s grain trade has soybeans leading any strength after seeing heavy selling yesterday hit after it climbed over 10.00 in the morning. What caused the selling yesterday morning was rumors circulating that Chinese buyers were looking to wash out purchases from the Pacific…
A firm trade this morning with soybeans challenging $10.00. This morning’s grain trade is higher across the board as further short covering and buying interest develops ahead of Tuesday’s WASDE Crop report. This week’s strength has numerous new inputs along with old ones to deal with. From the fall of the Assad regime in Syria…
Spec trade: Exit long March corn at 443.4 GTC. Currently near 440.
The grain trade presses the week’s highs at the end of the week. This morning’s grain trade shows follow-through buying from yesterday’s strong price performance. Soybean oil supports soybeans regarding the strength maintained in Malaysian palm oil. Yesterday morning’s export sales figures put the week’s corn buying activity above what traders expected, with 1.7 million…
The grain trade is short covering ahead of some key reports. There is a firmer grain trade today, as short covering arrives ahead of US weekly export sales, Stats Canada’s grain production report this morning, and Friday’s jobs numbers, which will have an effect on the US dollar. Next week is the December WASDE report…
The grain trade is soft after yesterday’s poor close. This morning’s grain trade is softer after yesterday’s poor closing, erasing early morning gains. The US dollar is firmer again this morning, trading above 106, while South American FOB soybean premiums continue to look to be in retreat ahead of their respective large crop. This Friday’s…
The grain trade pushed higher overnight, with soybeans and wheat seeing double-digit gains This morning’s grain trade is higher across the board, as the Trump Trade, rains in South America, and fears of slowing grain sales could not get soybeans to push below 975 on Monday. With so much negative news digested, short covering is…
The grain trade starts the week on a softer note. There is a softer grain trade this morning as the session gets underway for a full week. Despite a weak Brazilian real currency and abundant South American rains, soybeans still remained in a range of 975-1000. Wheat awaits export news to take it out of…
