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Cattle On Feed On Feed: 98.5% vs 98.5% estimate Placed: 97.4% vs 96.8% estimate Marketed: 97.5% vs 96.7% estimate The report came out similar to the pre-report estimates, impact on Tuesday’s reopening should be neutral.

The grain trade is softer ahead of the three-day weekend after strong gains this week. The grain trade is softer this morning, with soybeans breaking in the early hours after President Trump announced he would raise tariffs on the European Union by 50 percent, effective June 1, citing a lack of progress in trade talks….

Soybean oil struggled overnight with changes to 45Z tax credits. This morning’s trade is mixed following a mostly lower evening session. Last night’s correction began as soybean oil moved sharply lower due to disappointment over the 45Z tax credits being diminished in the Congressional budget bill. The credits lost transferability, reducing their value to biofuel…

Grains are universally higher this morning. The grain trade is higher this morning as buying interest continues to resurface, with index funds actively short covering in both wheat and corn. One driver of this move is the addition of a risk premium, as more doubt is being cast over current USDA production estimates, especially for…

Spec trade: Sell an August Live cattle at the market, 207.75 last with a 210.12 stop.

Wheat leads overnight strength. This morning’s grain trade is sharply higher in wheat, while corn is also recovering well due to concerns that rainfall may impact final acreage totals. Preventive planting is becoming a growing topic in the Delta and Southern Midwest and in parts of North Dakota, which have been inundated with rain over…

Grain futures start the week firm overnight. This morning’s grain trade is firmer, which has been a common pattern over the past several sessions, where strength in the night session tends to be sold during the day. Still, the firm tone is a pushback against recent selling, as mixed weather conditions are developing across the…

Friday’s grain trade will start out mixed. After a mixed overnight performance, the grain trade is slightly softer this morning. Soybeans are catching their breath after a sharp decline in futures yesterday, which followed limited losses in soy oil due to uncertain demand outlooks. US biodiesel blending remains unclear, with signs suggesting it may now…

Soybean oil tumbles limit down overnight A mixed tone greets the grain trade this morning, with wheat trending higher while soybeans are sharply lower. Soybean oil has dropped to its daily limit. On Tuesday afternoon, EPA Administrator Lee Zeldin indicated that the Renewable Volume Obligation (RVO) numbers for 2026 will be reviewed over the coming…

Grain trade struggles to hold Tuesday’s gains. After a firmer night session, prices eventually gave way, with only soybeans managing to hold near mixed trade. Fresh news remains limited, placing greater emphasis on weather conditions and outlooks. The weather continues to be mixed, with current conditions favorable for planting in the Western United States, while…