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Spec trade: Buy a Jan bean at the market, 1002.4 last with the 995 stop.

Corn and beans show follow-through strength from yesterday’s strong technical performance. This morning’s grain trade enjoyed follow-through buying in the overnight session from yesterday’s technical strong reversal higher in soybeans. Corn’s close above technical resistance near 424 set it on the path to now challenge the 200-day moving average at 431. As the morning came…

The US dollar is up 2% on a Pres. Trump victory. Grains turned lower last night early as it became apparent that President Trump was on his way to another win. By 8 o’clock, the US dollar was moving sharply higher, gaining almost 2%. This put pressure on energies and metals, along with the grains. The…

Spot soybeans above 10.00 for the third morning in a row. This morning’s grain trade is firmer across the board, with again, for the third morning in a row, November beans trading above $10.00 (despite a potential Trump when, heavy rainfall for the last three weeks in SA, and record US crop expectations). This morning’s…

The World veg oil prices move on to new highs overnight. This morning, grain markets are higher as hedge pressure turns to a minimum, especially with rains on the way throughout the Midwest, but new highs in world vegetable oil markets persist. Malaysian palm oil overnight gapped higher and surged 170 ringgits, settling at $0.52/pound,…

Spec trade: Day order, Sell a Jan Bean at 1008.4 with a 1019 stop.

The World veg oil prices move on to new highs overnight. This morning, grain markets are higher as hedge pressure turns to a minimum, especially with rains on the way throughout the Midwest, but new highs in world vegetable oil markets persist. Malaysian palm oil overnight gapped higher and surged 170 ringgits, settling at $0.52/pound, a…

The World veg oils continue to lift soybean oil/soybean values This morning, there was more of the same from yesterday, with soybeans following the veg oil/soybean oil market strength higher while wheat drifted. Wheat prices are contending again with sagging spot Russian cash markets. The Russian cash market is quoted between $230-235/MT, which is down…

The grain trade this morning is the reverse of yesterday’s close. This morning’s grain trade is reversed from yesterday’s closing, with wheat leading the weakness while soybeans were firm on strength in soybean oil. Veg oils overnight gained, with canola, palm oil, and rapeseed all moving higher on follow-through action from yesterday’s strength. Malaysian palm…

Call it a turn-around Tuesday overnight. Grains bounced overnight after being progressively sold throughout Monday’s session, reaching technically oversold values. Soybeans and soybean meal are becoming oversold with harvest pressure fading. Meanwhile, as of Sunday, the US corn harvest was reported at 81% complete versus 68% a year ago. The US soybean harvest is put…