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  • Morning Update

    First notice day for May grain contracts is Wednesday. Last night’s grain trade opened soft and remained under pressure, driven by improving weather forecasts for spring planting. Volume was lower than usual, partly due to conflicting media reports about whether the U.S. and China are genuinely engaged in trade discussions. Given China’s tendency toward propaganda…

  • Morning Update

    Options expire for May grain contracts today. Grain futures are trading mixed this morning after trending higher for most of the overnight session. Soybeans extended their recent rally, decisively breaking above the 200-day moving average. This move was supported by news that Japan will include soybean purchases in its ongoing tariff negotiations—a significant development, as Japan…

  • Morning Update

    Soybeans again lead the overnight Strength. Grain markets are mixed this morning, with soybeans maintaining strength seen earlier this week and corn rebounding after several days of losses. Meanwhile, Kansas City and Minneapolis wheat contracts are softer, reflecting beneficial rains in Kansas and anticipated moisture in the drought-affected Northern Plains, especially North Dakota, which has…

  • Morning Update

    Outside markets rally on reports that Pres. Trump will not remove FED Chair Powell. Grain futures are mixed this morning despite a firm start last night. Stock markets soared while gold collapsed on the word that President Trump indicated a desire to work with China to reduce tariffs, which, as the Secretary of the Treasury,…

  • Morning Update

    A mixed trade to start Turnaround-Tuesday. After mostly higher evening sessions, wheat and corn prices turned softer in the early morning hours as French milling wheat fell upon reopening after the Easter Monday holiday. French milling wheat hit a new calendar-year low, dragging our wheat values lower. As of Sunday, corn plantings were at 11%,…

  • Morning Update

    Grains trade firm/higher overnight on a weak US dollar and 301 actions. A firmer grain trade greets the start of the week, as the US dollar plummets to its lowest level since March 2022, on talk that the President. Trump is looking for ways to release the President. Powell from being chairman of the Federal…

  • Sunday Update

    Tonight’s grain trade is called higher on multiple factors. Tonight’s grain trade is expected to open higher, with soybeans 5–8 cents stronger and corn and wheat up 2–5 cents, supported by ongoing wet weather across the Central U.S. that continues to delay spring planting. Additionally, sentiment has improved following news that U.S. grain exports will…

  • Cattle On Feed

    Cattle On Feed On Feed: 98% vs 98.2% estimate Placed: 105% vs 103.4% estimate Marketed: 101% vs 100.7% estimate The report came out mostly neutral compared to pre-report estimates, though the feeder cattle number could be considered slightly negative.

  • Morning Update

    Markets even up ahead of the three-day Easter weekend. This morning’s grain trade is firm. Wheat and soybeans are higher, while corn is steady-higher. A drier extended-range Midwest forecast offers active seeding in the 11-15-day window to help Midwest farmers get their crops seeded. The volume overnight was small as the market was winding down…

  • Morning Update

    A possible blink by China on trade. This morning’s grain trade is higher after making new weekly lows in the night session. At around 3:30 a.m., grain prices abruptly turned higher as it was stated that China had appointed a new trade minister and that it was open to negotiations. They also stated that negotiations…