Soybeans
Spec Trade: Resell a Nov Soybean at the MKT, 1480 last with a 1502 stop.
Soybeans
Spec Trade: Sell a Nov Soybean at the MKT, 1460 last with a 1471 stop.
Morning Update 9/20/22
Wheat rebounds from Monday’s heavy losses. Grain markets overnight found a firm trade in wheat, which was heavily sold yesterday, while corn continued to advance, and soybeans slipped from overnight strength. Yesterday’s crop ratings which are now more of a maturity rating, put soybeans at 55% GD/EX versus 58% a year ago, while corn was…
Hog
Spec Trade: Sell a Dec Hog at 89.25 GTC with 90.65 stop.
Buy Corn
Spec Trade: Buy Dec corn at MKT, 672 last with a 661 stop.
Morning Update 9/19/22
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…
Morning Update 9/16/22
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….
Morning Update 9/15/22
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…
Morning Update 9/14/22
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…
Morning Update 9/13/22
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…