After a firm night start, grains are mixed this morning. This morning’s grain trade shows wheat with penny gains, while row crops are lower by a few pennies. Trade awaits an announcement on the tariffs against Canada and Mexico by Tuesday midnight. Mexico is moving quickly on details that Commerce Sec. Howard let next that…
We shall see, but the February end of the month blowout could have pushed May corn and July corn to their 200-day MAs that could mark the bottom side of wave 4.
USDA economic relief payments are expected to be send out on March 17th-21st. FSA will be distributing the checks to the producers. PP acres will receive 50% of the full payment amount. Corn: $43.80 /acre Soybeans: $30.61 /acre Wheat: $31.80 /acre Cotton: $84.70 /acre Rice: $71.37 /acre
First notice day and the last trading day of the month bring a morning bounce in price. Markets are trading higher this morning, with wheat leading the way to start the day. Deliveries were light to non-existent but mainly applied to soybean oil and meal. With the calendar turning to March next week and the…
The grain trade is broadly mixed. Forum results out. This morning’s grain trade is mixed with soybeans showing gains of 6-8 cents, while the wheat trade has Chicago off 8 cents, Kansas down 6, and spring wheat off 2 cents. Corn lower by 3 cent after this morning’s initial acreage release from the USDA Ag…
The grain trade is mixed for Wednesday morning start. The overnight grain trade proved two-sided as early strength faded in the night, but by morning, corn again was challenging new session highs, with wheat following on a delayed Turnaround-Tuesday style. Typically, when grains are weak to start the week, there is a mid-week bounce before…
Further weakness in the grain trade overnight. Will Turnaround-Tuesday arrive? The grain trade is softer this morning, led by wheat after Monday evening’s firm trade. Weakness entered the grain trade as European selling arrived after 1:30 when their market started to open. Soybeans again challenged the 100-day MA and the mid-February low near 1041.2, in…
Wheat again leads overnight losses, with soybeans only having losses of a penny. Grain futures opened softer Sunday night and, after a short period of consolidation, continued to move lower overnight, led by wheat. First notice day for the March contracts is this Friday, along with the USDA’s Annual Outlook Form on Thursday with their…
Cattle On Feed On Feed: 99.3% vs 99.2% estimate Placed: 101.7% vs 102.2% estimate Marketed: 101.4% vs 102.1% estimate The Cattle On Feed report was mostly neutral compared to pre-report expectations. The stock market’s reaction on Monday to Friday’s heavy losses will likely influence next Monday’s opening as well.
