Due to the Monday holiday, the grain trade looks to do a Turn-around Tuesday on Wednesday. After a firm overnight trade, corn, soybeans, and wheat softened in the morning hours in an almost delayed Turnaround-Tuesday affair on Wednesday. Large index money managers bought commodities yesterday in a risk-on play as equities are overvalued. In contrast,…
Corn leads overnight recovery strength. This morning’s grain trade is mixed after a lower start overnight. Strength in corn has the spot March contract challenging $5.00, throwing support to the soybean and wheat market as Friday’s highs come back into focus. Corn cash basis in the Eastern Midwest firmed late last week, with the Central…
Grain futures higher, wheat leading with arctic cold temps blanketing the plains for the next week. In the wheat belt, there will be 20-30 degrees below average temperatures for the next 8 days which will raise concerns over potential winterkill risk with the lack of snow cover. The trump administration did not announce reciprocal tariffs…
Bitter cold temperatures mildly support wheat values overnight. The grain trade is mixed this morning, with corn and soybeans moving lower while the wheat trade maintains a firm tone. Export sales are softening now for soybeans, and with the improved outlook of South American crops, price biasing is now pointing down for beans. Corn continues…
The morning grain trade is softer on follow-through selling from yesterday’s poor close. The morning grain trade is softer across the board, following yesterday’s lower close on a February WASDE crop report that did not show the minor cuts in carryout that were anticipated. February bears are in place for seasonal weakness, with even the…
USDA Report 2/11/25 The U.S. grain ending stocks remained unchanged from last month, which is slightly negative, while world stocks were lower than estimates, suggesting a potentially friendly long-term outlook.
The February WASDE crop report is out at 11:00 a.m. CT today. The grain trade was mostly higher overnight, led by wheat. Concerns are growing that the Black Sea region will soon see a severe cold snap with little to no snow cover protection. Short covering was also seen in corn and soybeans ahead of…
Overnight grain trade exhibits surprising strength after a lower start. The grain trade opened lower as anticipated Sunday night, but the worst of the trading in price was over within the first minute. Soybeans found immediate buying interest, due to the fact that China’s application of tariffs to some US industries did not include soybeans…
The morning grain trade turns lower after early evening strength. The grain trade pushed higher on Thursday evening on follow-through technical buying from the firm closes across exchanges led by wheat on Thursday. Yesterday’s comment from US trade representative nominee Jamison Greer indicated that China’s compliance with the Phase 1 trade deal was going to…
Soybeans helped prompt an overnight recovery bounce in price. Short covering was a feature in the overnight grain trade, with soybeans leading to the recovery bounce. The news was sparse as for the buying interest, other than index funds, which are now buying breaks. Early Wednesday morning, corn, soybeans, and wheat again saw new highs…
