Grains are mixed as trade gets back underway after a three-day weekend. Grains produced a mixed to firm opening Monday night on renewed Strikes on ports of Odessa and the Danube River ports, along with a lack of success with talks to revive the Black Sea Corridor. Soybeans also opened firm after the hot weekend,…
Grains start a new month with a new price attitude. Grain trade was firmer overnight, as first notice day has passed, and strong stoppers stepped in to acquire the renewed wheat deliveries overnight. Dreyfus stopped 635 contracts of the 1091 contracts delivered, while Merex stopped 317 contracts. SG America’s stopped all 158 Kansas City September…
Wheat futures are lower on large deliveries on the Chicago contract. Grain futures are mixed this morning, with wheat prices showing losses of 8-$0.10 on large September deliveries. September Chicago wheat had 1,113 contracts delivered, while oats experienced deliveries of 269 contracts, and Kansas City wheat had 168. There were no corn, soybeans, or soy…
Soybeans recover back to 14.00 overnight on dire forecast. Grain futures are higher this morning after yesterday’s algorithm trading painted fund close for row crops that followed wheat into the bell. The ongoing hot/dry Central US weather and Egypt announcing a tender on the close today for wheat shipment in October/November is helping recover values….
Overnight grain trade reacts to less than expected drop in crop ratings. The overnight trade reacted to yesterday’s small decline in crop ratings after closing soybeans above $14.00 for the first time since July 27. Losses in corn were mitigated, while soybeans dipped back below 14.00 overnight. Crop Progress showed corn conditions 56% G/E vs…
Soybeans breach $14.00 overnight on poor finishing weather. The grain trade opened higher overnight on concerning heat that returns Labor Day weekend and extends through September 12. Wheat futures stumbled as they typically do, being the weak leg of the grain trade that gets shorted while buying soybeans. Soybeans breached $14.00 for the first time…
Soybeans are set to close at new weekly highs. This morning finds soybeans challenging early week highs, while the wheat market amounts small rebound with corn steady. The weather forecast looking forward has another 10-14 days of dry weather with heat returning after cooling. This weekend. The expiration of September grain options and the likely…
The grain trade paused after yesterday’s strong gains. The overnight grain trade was mixed, which carried through into the morning. Profit-taking from yesterday’s strong rally across the board stalled wheat and corn, while soybeans tried to maintain further strength. The Wednesday’s Pro Farmer Crop Tours results see reasonable potential in Illinois and fair for the…
The Pro Farmer tour enters the states that have been stressed today and Thursday. Grain prices are mixed this morning, with corn and wheat finding support on reports that Russian drone strikes occurred again on the Danube River grain terminals and caused fire and damage to storage facilities. Meanwhile, soybeans stumbled the night after the…
The grain trade consolidates after yesterday’s losses. This morning’s trade is seeing a small Turn-around Tuesday develop in wheat and corn, but overnight strength is drifting. Soybeans have seen a considerable price advance over the past five sessions due to the forecast of hot/dry Central US weather this week, where yield reduction risk stays real….
