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Spec Trade: Buy Dec corn at MKT, 672 last with a 661 stop.

Risk-off to start the week across all investment sectors. Grain futures opened softer Sunday night and found a mild evening rally, with most of the strength going to soybeans. The overall lift underway in the evening with commodities and stock indexes ended near midnight when universally, a risk-off mentality evolved over the complexes and allowed…

Corn and wheat are trading lower on the week this morning. Grain prices are lower this morning, with strength in the US dollar heading back to 110.00 with next week’s higher interest rates being implemented and the onset of harvest pressure. Corn and wheat are lower than last Friday’s close, while soybeans are still higher….

The rail strike appears to be averted. Grain futures are mixed coming into the Thursday morning session, with support coming from a tentative deal with labor unions and railroad owners to avert a potential strike Friday morning at midnight. This is a relief to the grain trade, with harvest just getting underway. The NOPA will…

The grain trade is softer on concerns over China and Railroad. Grain futures are starting the morning softer across the board after a mixed overnight trade as farmer selling has been the theme post-report and concern for the upcoming potential rail strike, along with the significant export sales data release from the FSA we will…

Hot CPI turns dollar higher and reverses overnight equity and commodity strength. Grain futures pushed higher in the night session following the post-USDA crop report bullish reaction. Still, they gave up gains in the early morning hours when the CPI was released at 7:30, showing that inflation increased and did not decrease as estimates were…

USDA WASDE Report 9/12/22 Yield data bullish for soybeans, as expected for corn. Soybean’s acreage down almost 600,000 acres, corn acreage was down 1,000,000 from last month. Ending stocks data was friendly corn with soybeans bullish.

September USDA crop report out today at 11:00 AM CT. Grain prices had a two-sided price range overnight, as weakness at the start of the session was tied to the US railroad strike that could occur on September 17 unless the US government orders a cooling-off period for 30-days. Overnight strength returned as the US…

The risk-off trade is in play, with the US dollar tumbling 1% overnight. Grain futures recovered overnight after absorbing heavy selling from Wednesday mornings price rise to an 11-week high for corn, while on Thursday, soybeans challenged their mid-August lows and held, prompting a recovery to above the 200-day MA. Short covering is the feature…

The grain trade is mixed in preparing for Monday’s crop data. Grain futures are mixed in the morning session, with the corn and bean spread pricing adjusting slightly after yesterday’s soybean price drop. Wheat prices are firm on the ongoing concern that Putin will not renew the export grain corridor in its current format in…