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Dryness in the Plains lifts wheat overnight. This morning’s grain trade is mostly higher led by the wheat trade gaining .08-$0.10 on the winter wheat contracts on dry plains weather. Soybean oil is sharply lower as canola oil has been limit down and is currently trading just above limit down on the May canola contract…

Key Levels For a Bullish Reversal in Grain Corn, soybeans, and wheat are currently on track to set up a bullish weekly reversal from the early-week washout. A weekly reversal to the upside is very significant in indicating that an early March low is raw value, with strength in the coming weeks in play. To…

The Friday grain trade is starting soft. A higher close today could create a higher weekly reversal. This morning grain trade is softer by pennies for corn and soybeans, while the wheat trade retreats from trading $1.00 over corn. The wheat/corn spread should find support in the $0.80 range with weather conditions across the Black…

The grain trade awaits talks between the US/Mexico today. The overnight grain trade was mostly higher on further short covering from Wednesday’s positive session. The trade retreated gains this morning before the close as the market awaits Pres. Trump’s talks with Mexican President Sheinbaum. The market is anticipating that there will be modifications to the…

Spec Trade: Buy 2 May Mini-Chicago Wheat at the MKT, 547.2 last with a 525 stop.

Relief rally occurs overnight in grains. The grain trade is higher this morning, as it has been on numerous mornings since its nine-day freefall and is now bouncing from extreme oversold conditions. Corn, wheat and soybeans all are roughly $0.15 off their freefall lows traded Tuesday midmorning. The minor bounce that is currently being experienced…

What the Trade War Is Doing To Grains The indiscriminate selling in the grain trade continues out of pure panic. The trade war with well advertised weeks ago, yet was ignored. Corn and wheat have production concerns growing around the world, even with 1/3 now of the Brazilian corn crop at risk to hot dry…

Tariffs are applied, and anticipated retaliation is occurring. This morning’s grain trade is sharply lower due to the application of tariffs against Mexico, Canada, and China, which was enacted this morning. This is generating new grain selling, with corn, soybean, and wheat futures all lower amid tariff retaliation. China retaliated in a measured fashion with…

After a firm night start, grains are mixed this morning. This morning’s grain trade shows wheat with penny gains, while row crops are lower by a few pennies. Trade awaits an announcement on the tariffs against Canada and Mexico by Tuesday midnight. Mexico is moving quickly on details that Commerce Sec. Howard let next that…

We shall see, but the February end of the month blowout could have pushed May corn and July corn to their 200-day MAs that could mark the bottom side of wave 4.