Soybeans firm on world veg oil strength. This morning’s grain trade is mixed. Wheat and corn are softer, while soybeans mount a recovery from last week’s selloff. European and Canadian rapeseed/canola markets are recovering. It appears that Canola put in a double bottom on Friday in response to the Chinese retaliation for EV import tariffs….
The grain trade ended the overnight firm. After a softer overnight session, the grain trade ended firm at the close of the night session heading into the weekend, capping another week of gains. The grains firmed up as the US dollar tumbled this morning after the September jobs report came in softer than estimates. A…
The grain trade finds the first correction of the week. After a two-day surge following the Labor Day holiday, grains went into a corrective mode. For now, the setback is shallow, but yield guesses are coming out for next week, Thursday’s USDA September Crop Report, which maintains a strong yield bias. Brokerage firm StoneX produced…
This morning’s grain trade is mixed. This morning’s grain trade lacks the momentum it carried yesterday. The competitiveness of corn and wheat has now shifted with the current rally. Russian 12.5% fob wheat offers for October are bid at $216/MT, and offers are at $217/MT. Little changed when US and French milling wheat futures were…
Canola collapses as China and Canada go into a trade dispute. This morning’s grain trade is mixed, with soybeans higher on the dry Midwest weather forecast into mid-September. The wheat trade struggled as it failed to breach technical resistance, bringing in Algo/AI trade selling, which is still defending its position. The big story is that…
Soybeans and corn pushed new weekly highs overnight. A firm overnight grain trade, led by double-digit soybean gains, took November over $10.00 for the first time since August 9. Light deliveries and seasonal price trends that tend to find a low in August or early September are turning up, with Algo and AI trader computers…
Soybeans firm back to early week highs. This morning’s grain trade has soybeans recovering to near yesterday’s highs concerning dry Midwest weather and the end of September contract liquidation, while wheat futures are correct in price after a two-day price jump from contract lows. In row crops, the index funds are now the big short,…
Grain trade retreats early week gains. Today’s grain trade has soybeans giving back half of their three-day gains and corn softening on a chance of rain across the northern half of Illinois and portions of Indiana. Chicago Wheat is firmer in strength in French milling wheat, gaining $2.00/MT overnight and also gaining on its early-week…
Soybeans firm on Illinois crop ratings decline. Wheat is softer, while corn is nearly steady, as September contract liquidation and HTA action dominate. Meanwhile soybeans are firm on Chinese buying interest and Illinois decline in ratings. Yesterday’s crop ratings data also showed corn down 2% in the good to excellent category while soybeans drifted 1%….
A lower trade with new contract lows to start the week. Grains are lower this morning, with both corn and wheat again scoring new contract lows. Profarmer released its final tour results with no surprises. They came in at 181.8 BPA on corn and 54.9 BPA on beans vs. the USDA at 183.1 bpa on…
