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New highs were scored again overnight before the morning drift. Yesterday was another day of strength on the back of rumored potential purchases of US corn and soybeans by China. Thoughts that we could begin to see moves to revive Phase One as part of the negotiations between Trump and Xi will keep traders monitoring…

Soybean oil and wheat lead overnight weakness for Turn-around Tuesday. This morning’s grain trade is mostly softer as soybean oil fell the sharp losses overnight on the Canadian canola oil that will continue to flow to the US without a tariff for the next 30 days. That put pressure on soybeans, while China did follow…

Overnight grain trade mitigates losses from tariff application over the weekend. The grain trade opened lower overnight on the implementation of the trade tariffs against Mexico, Canada and China. Losses were less than anticipated, especially for soybeans, when considering the improving weather in Argentina. The trade improved overnight alongside outside markets like energies and metals,…

Cattle Inventory Report 1/31/25 Total US Cattle Inventory: 99% vs 99.1% estimate Total Calf Crop: 99% vs 98.5% estimate Report came in neutral to expectations.

Friday grain markets are sharply lower as tariffs loom. As the threatened 25% tariff on Mexico and Canada could be in place as early as Saturday the grain markets are retreating into the weekend as each country is not doing their share with trade imbalances and illegal immigrants. Mexico has been the worlds and US’s…

Soybeans and corn retreat while wheat maintains yesterday’s strong gains. This morning’s grain trade has soybeans on retreat, with corn following, while wheat tries to maintain strength. Wednesday saw huge capital inflows in the grain market in open interest, which showed corn jumping 33,428 contracts to a new all-time record of 2,013,448. Soybean open interest…

Argentine weather promotes overnight grain rally. Grain futures are higher this morning as the continual disappointment in forecasts that Argentina would receive bountiful rains in the country’s southern half continues to come up short. Rains have occurred in some areas of southern Brazil and Argentina in the past five days, but coverage has been just…

Welcome to Turnaround-Tuesday with a firm morning grain trade. The grain trade is jumping in Turnaround-Tuesday style after a Friday-Monday break in price. Recovery is in low volume as heat is still manifested in southern Argentina, which awaits meaningful rains, which are always on the horizon in the forecast. Planting progress for Matto Grosso’s second…

Grain trade starts the week sharply lower. Grain futures opened lower Sunday night on rain showers that were dieting southern Brazil and Argentine crop areas and a threat that Pres. Trump was going to impose tariffs on Columbia as that country and turned away to US plains that carried undocumented migrants. The trade improved moderately…

Cattle On Feed On Feed: 99% vs 99.6% estimate Placed: 97% vs 100% estimate Marketed: 101% vs 101.3% estimate Report Friendly to pre-report estimates a should offer a higher start on Monday’s opening.