Grains move higher on concerning searing heat for N Brazil. Grain futures are higher this morning, again led by a sharply higher move in soybeans, which pushed to a new fall price recovery high of 1382.2 overnight before retreating slightly. Wheat and corn are also seeing recovery gains of 5-7 cents after corn rechallenged the…
Turn-around Tuesday affects the commodity complex. Turn-around Tuesday is welcoming most of the commodity markets lower, with soybeans rallying back from overnight weakness as South American weather is not showing any budging to current forecasts and flow, which is concerning for both corn and beans. There will be scattered rains in some areas, but not…
Soybeans rise again overnight, Brazil forecast is concerning. This morning’s grain trade has soybeans sharply higher with the building concern of the Brazilian bean crop weather, while corn holds steady firm, and wheat softens on Russia’s stagnant wheat pricing. Threatening weather in South America has soybeans building premium. Russian FOB wheat prices are holding steady…
Soybeans rise again overnight, holding the grain trade firm. This morning’s grain trade has soybeans pushing to new weekly highs while corn challenges the September low in the overnight. More talk of Chinese interest in US Gulf soybeans is surfacing along with the concerning weather in Brazil. Corn has a strong ethanol grind but concerns…
Another rotate morning with beans leading while wheat softens. Overnight strength was mostly tied to soybeans pressing higher on the concerning Brazilian weather, which is now coming into the headlines. Also, risk-on came throughout the commodity complex for energies, metals, and indexes after Fed Chairman Powell yesterday hinted that the Fed may be finished with…
Wheat leads overnight gains, a reverse of yesterday. Grains are mixed this morning, with wheat leading the advance, on rumors of possible Chinese buying of SRW wheat out of the PNW. The corn and soybean harvest should advance quickly over the next 10 days on a warm/dry trend that should persist, while the Mississippi is…
Wheat lower, while soybeans catch a bid despite deliveries. Grain futures are lower this morning, led by wheat. Soybeans had declined 7-$0.10 overnight before recovering back to steady, as Cargill put out 438 soybean receipts for deliveries with no strong stoppers. Cargill also put out receipts back in October for soybean meal and in September…
KC wheat leads overnight grain weakness. Grain futures are mixed, with wheat sharply lower, Kansas City making new calendar year lows, while soybeans give up strong overnight gains. Soybeans rallied on the poor planting progress experienced on Friday afternoon’s Brazilian progress report. First notice day delivery intentions against November soybeans is tomorrow, with 0 to…
Soybeans firm on on South America planting progress. Corn and soybeans reversed Thursday’s poor closes and pushed higher overnight morning. Crush margins are expanding further on new highs for pricing in spot soybean meal. IMEA’s update for Mato Grosso seeding progress this afternoon’s key and now determining Brazil’s export potential of any in February. Spot…
Wheat firms slightly on Ukraine corridor closing. Grain prices firmed up overnight, but nothing too exciting. According to Kyiv-based consultancy Barva, Ukraine suspended the use of the new Black Sea corridor due to military risks. Pres. Putin ordered the Russian military to patrol the Black Sea, but it was not until recent days that Ukraine…