This morning, strength has wheat being the leader. USDA has a lower corn acreage expectation. The grain trade finds this morning with wheat the leader. Soybeans had a bout of buying overnight, as demand from both export sales and domestic consumption remains elevated. This is even with fewer Chinese businesses than last year. The wheat…
Soybean oil leads overnight grain strength. The overnight grain trade did a Turnaround-Tuesday on Wednesday, with markets moving in the opposite direction after the first trading day of the week, when they reverse from a meltdown or a blowup. Soybeans pushed higher, following soybean oil bolting to new high overnight as rumors are circulating that…
China and South America are on holiday, trading volume is thin. The grain trade is soft this morning with soybean oil having recovered to a higher price, supporting beans. China is on holiday today as their celebration of the Lunar New year, while South America celebrates Fat Tuesday. Trading interest was low-volume overnight as we…
Markets are closed Monday, bringing about profit-taking from a strong week in grains. It’s been a very good week for grains, so profit-taking kicked in overnight, is not a surprise with a long weekend ahead, farmers are selling on this week’s rally, given it’s February, not a surprise there either. Markets will be closed on Monday…
New weekly highs for soybeans overnight. Traders challenge the USDA’s soybean carryout estimates. Soybeans lead overnight gains by gapping higher from yesterday’s strong close, as it was confirmed yesterday afternoon that China and the US will roll back tariffs likely ahead of the President. Trump’s visit to China is set to arrive on March 31,…
The grain trade has mixed price action overnight after yesterday’s WASDE crop report. We have a mixed trade this morning as the market has already put the February WASDE behind it, with little difficulty. The report delivered nothing unexpected and generated minimal follow through. On the domestic balance sheet, USDA adjusted corn exports higher by…
USDA WASDE Grain Stocks Report 2/10/26 The report is slightly friendly to corn, both domestically and in its estimate of the Brazilian crop.
Here comes turnaround Tuesday. Can it hold through the day session? Turnaround Tuesday showed up on time early this morning, as the grain trade has a firm footing heading into today’s WASDE crop report out at 11:00 a.m. CT. Domestic carryout numbers look to be mostly unchanged, but it’s the world balance sheet numbers that…
This morning’s grain trade is lightly mixed as it consolidates last week’s gains. The overnight grain trade was softer, as the market consolidated last week’s strong gains. Yet by morning trade was mixed at the end of the night session. The US dollar is weaker by $0.60 and back below 97.00 while gold and silver…
Overnight grain trade consolidates recent sharp advance for the week. Strong weekly chart closes are in the works if the trade just consolidates this week’s excitement. The grain trade consolidated yesterday’s sharp gains, with mixed trading overnight. The night session trading was lower, but by morning, soybeans reached new highs above Wednesday’s spike high. The…
