Soybeans and corn are firmer to start Tuesday, while wheat softens. The grain trade opened mostly firm overnight and held that tone into the early morning before wheat eased on forecasts calling for moisture in some of the driest areas in the 6-10 day outlook. That limited the market’s reaction to yesterday’s surprisingly price friendly…
For the 6th week in a row, energies higher Sunday night, stock indexes lower, then reverse. Futures are opening the week in a familiar fashion, with trade once again reacting more to geopolitical developments than to fundamentals. By the close on Friday, the market had been leaning toward the idea that tensions in the Persian…
Cattle On Feed On Feed: 99.5% vs 99.5% estimatePlaced: 92.7% vs 92.9% estimateMarketed: 94.5% vs 93.8% estimate The report is mostly neutral to pre-report estimates, with marketing slightly stronger. Overall, expect a mostly quiet Monday open.
Pres. Trump states that the Iranian/US war will be over soon. Oil prices collapse. Grain futures were firmer in the night session, as demand for corn has been strong, ethanol usage is very profitable for the grind, and the soybean crush is profitable. Crude oil accelerated its losses this morning, dragging the grains in its…
KC wheat targets calendar year highs overnight. The overnight grain trade had Kansas City wheat continue to stay in the limelight, as it pushed higher with again long-term weather forecast playing musical chairs with rain having been put in for the end of the month window, and then removing it. This has Kansas City wheat…
China agrees not to send weapons to Iran. Supporting soybeans on potential buys. The grain trade is seeing a bit of a reversal of yesterday’s action, with soybeans leading this mornings strength, followed by corn, and wheat correcting a bit, with rains again showing up in the 11-15 day forecast (very unreliable). The strength in…
Soybeans find a turnaround-Tuesday, and wheat continues to recover. Corn, soybeans, and wheat all moved higher in overnight trading, helped more by the absence of new negative developments than by any major bullish catalyst. Still, the upside was restrained. Weakness in the energy markets is capping enthusiasm across the ag space, and the rapid pace…
Corn and wheat are higher this morning, maintaining overnight strength. Energy markets are pushing higher this morning after weekend talks between the US and Iran failed to produce any progress toward ending the conflict. In response, President Trump has ordered US Navy ships to move toward the Strait of Hormuz, a decision that has raised questions…
The markets are preparing for another Surprise Saturday. Morning session ended mixed, with corn and wheat re-looking at yesterday’s lows while soybeans found a firm tone on strength in soybean meal. With the crush giving up its strength on soybean oil, it’s reversed, ensuring that it respects the value at the late February, early March support…
