New recovery highs were found overnight, with selling developing late in the morning. This morning’s grain trade is again higher, though soybeans have relaxed about a dime off of overnight highs. Friday’s yield drop came from the NAS S adjusting seed moisture back to 15-15.5% in corn and 13-13.5% in soybeans on its operational fields….
USDA Report 1/10/25 Report was Bullish, both corn and soybean yield estimates were well below average guesses. Corn was below the lowest estimate. Data, friendly for corn and soy beans, while wheat acreage was higher than the average guess.
WASDE crop report at 11:00 CT today. Corn and soybeans are higher this morning, led by a sharply higher soybean all market, as the Treasury Department is expected to release their in-term guidance on the clean fuel tax credit, 45Z. These guidelines have been awaited for months as they could allow the US biofuel industry…
Grain and livestock futures close at 12:15 CT today. This morning’s grain trade is mixed with corn showing a penny gain while wheat futures are steady-one penny lower. Soybeans are off 3-4 cents as they recover from overnight selling as the long-term weather models maintain hope for moisture in the dry southern Brazil and Argentine…
The US dollar strengthens to 109 overnight. This morning’s grain trade is softer, led by the wheat trade, as the US dollar surges back to 109.00. Rumors have leaked that Pres. Trump will enact a National Economic Emergency Tariff to apply to specific countries, which caused the Chinese Yaun to fall overnight. Soybean oil was…
Grain futures recovered sharply overnight from last Friday’s break to start the week on SA weather. The overnight grain trade opened higher and continued higher throughout the night session regarding Argentina and Southern Brazil weather. We are starting to see some genuine concern develop over too much dryness, with heat building in parts of Argentina…
Corn prices lead weakness on large fund ownership. This morning’s grain trade is mixed. The hard wheat contracts offer a penny gain, while corn and soybeans softened overnight. The commitment of Traders report on Monday showed a large jump in spec fund ownership (the largest since 2022), prompting profit-taking despite positive trends. Soybeans pushed lower…
A firm start is anticipated for the first trading day of the new year. The first trading day of 2025 indicates a firmer start. French milling wheat gained at $1.50/MT overnight, prompting calls of 1-2 cents higher for corn and wheat, while soybeans are indicated 2-4 cents higher on the continued dry forecast for Argentina….
Happy New Year’s Eve! The last trading day of 2024 is greeted with another overnight rally. Corn is recovering from yesterday’s selling, coming within pennies of the high that brought about another swift bout of farmer selling that is being absorbed ahead of the end of the tax year. Soybean futures are higher, led again…
