KC wheat targets calendar year highs overnight. The overnight grain trade had Kansas City wheat continue to stay in the limelight, as it pushed higher with again long-term weather forecast playing musical chairs with rain having been put in for the end of the month window, and then removing it. This has Kansas City wheat…
China agrees not to send weapons to Iran. Supporting soybeans on potential buys. The grain trade is seeing a bit of a reversal of yesterday’s action, with soybeans leading this mornings strength, followed by corn, and wheat correcting a bit, with rains again showing up in the 11-15 day forecast (very unreliable). The strength in…
Soybeans find a turnaround-Tuesday, and wheat continues to recover. Corn, soybeans, and wheat all moved higher in overnight trading, helped more by the absence of new negative developments than by any major bullish catalyst. Still, the upside was restrained. Weakness in the energy markets is capping enthusiasm across the ag space, and the rapid pace…
Corn and wheat are higher this morning, maintaining overnight strength. Energy markets are pushing higher this morning after weekend talks between the US and Iran failed to produce any progress toward ending the conflict. In response, President Trump has ordered US Navy ships to move toward the Strait of Hormuz, a decision that has raised questions…
The markets are preparing for another Surprise Saturday. Morning session ended mixed, with corn and wheat re-looking at yesterday’s lows while soybeans found a firm tone on strength in soybean meal. With the crush giving up its strength on soybean oil, it’s reversed, ensuring that it respects the value at the late February, early March support…
USDA Prospective Planting Report 4/9/26 The report was bearish to pre-report expectations of wheat carryout and neutral corn and beans
Grains in full recovery mode of Tuesday’s losses. Grains are all higher across the board this morning, with wheat taking the lead, as rain forecasts for the weekend are still there in the HRW wheat belt, but again, it looks like the West will not get what’s needed. There are reports of fields being so…
The two-week truce is on. Will it hold? The news you know is that a two-week truce has been announced between the US/Israel/Iranian hostilities, with the Strait of Hormuz being allowed open during this window for transportation. There are over 800 ships that want out of the Persian Gulf; over 400 of them carry crude…
Iran has until 7:00 p.m. CDST to accept the cease-fire terms. The grain trade is a bit softer this morning, despite crude oil trading near 115, as the US waits for Iran’s response to a truce, which has a 7:00 CST p.m. deadline. The trade also awaits estimates for Thursday’s WASDE crop report, but for…
