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…
The grain trade starts Friday mixed, smaller corn crop in Minnesota. Today’s grain trade is mixed with row crops firmer while wheat retreats from overnight gains. Overnight, it was announced that the Trudeau administration moved two and Canada’s rail lockout and to forced to binding arbitration with rail workers returning to work in business back to…
The Pro Farmer crop tour finishes today, and the Canadian rail strike is on. The grain trade is softer across the board this morning, as grain trade results yesterday look good from the crop tour along the Canadian Railways will have a strike, as last-ditch efforts for negotiations appear to be failing. The Pro Farmer Crop…
Cattle On Feed On Feed: 100% vs 100% estimatePlaced: 106% vs 104% estimateMarketed: 108% vs 108.2% estimate Report is slightly negative due to higher placement number as compared to pre-report estimates. Anticipate a $.50-1.00 lower start for Monday.
