The morning grain trade is in retreat. Outside markets reversed course overnight, with the ag sector joining the broader retreat. Soybeans and wheat are under the most pressure, as both markets are digesting fresh news. In soybeans, the focus remains on tightening U.S. supply and demand fundamentals. New crop ending stocks are already projected to…
Positive outside market influence helps stabilize grains. The overnight markets reacted positively to Pres. Trump’s comments on Sunday, stating that there are still three weeks to work things out, and he thinks Pres. Xi is an honorable man and will want to work out a deal to avoid a depression in his country. This had…
Peace settlement in the Middle East has oil prices under pressure, pulling ethanol and soybean oil lower. Futures are under pressure this morning, with soybeans leading the decline. The primary driver is escalating trade tension between the United States and China. Starting next Tuesday, the US plans to impose new charges on China-linked vessels, reportedly…
The Russian winter wheat area is likely to be reduced. This morning we have a firm wheat market while soybeans and corn softened a bit. In the outside markets several of them are seeing profit-taking from their massive early week strength in the metals. Today would’ve been the October 9 WASDE Crop Production report but…
Again, the big grain crop is not holding row crop prices down. The grain trade is firmer again this morning after an initially softer night session, as sellers cannot seem to get leverage much anymore. It’s unusual to see U.S. basis values strengthening right in the middle of harvest, when grain stocks are typically flush….
Big grain crop with active harvesting is not making it to the buyers as cheaply as they would wish. Overnight trade was mixed, with grains finding some selling pressure while soybeans posted slight gains. However, all contracts are firming as the session closed. Fresh market-moving news remains limited, with the bulk of attention centered on…
Grains overcome early Sunday night weakness. Markets are starting the day broadly higher, with strength across the ag sector and energies and sharp gains in the U.S. dollar. Gold is leading headlines with a $60 rally overnight, setting new all-time highs in early trade. Tech stocks are also posting strong gains, fueled by overnight developments…
Corn and beans face an open harvest weekend. A mixed grain trade at the end of the night session, with wheat holding 2-cent gains on Saudi Arabia’s wheat tender. There is now starting to become a shift in market attitude as harvest advances, and more yield data comes in. The only thing consistent with this…
“Substantial” aid for US farmers to be announced next Tuesday. This morning’s grain trade is mixed with wheat firmer, corn steady, and soybeans slightly softer. Grains are consolidating their bounce from yesterday after Pres. Trump said he will be meeting with China’s president Xi at the end of October and will make soybean purchases a…
Grain prices continue to retreat after yesterday’s stocks data and government closure. Corn, soybeans, and wheat futures were under pressure throughout the overnight session, extending the weakness into this morning’s night session close. The lack of follow-through buying interest has kept a bearish tone in place, and the overnight shutdown of the U.S. government only…
