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Crude oil prices sink below 89.00 on hopes of a return to normalcy in the Strait of Hormuz. The grain trade is under heavy pressure early this morning as crude oil tumbled below 89.00 a barrel. Iran has agreed to shared management with Oman for monitoring traffic through the Strait of Hormuz, and has committed…

Grain futures maintained weakness overnight with volatility. Grain futures opened softer overnight, but fluctuated with challenges of their unchanged marks, as crude oil rose and fell in overnight activity, as the “we have a deal”, “we’re not quite there yet ” deal narratives flip. The Iran War High-stakes peace talks are ongoing in Qatar, even…

Cattle On Feed On Feed: 102% vs 101.6% estimatePlaced: 106% vs 103.4% estimateMarketed: 90% vs 90.7% estimate The report is slightly negative versus pre report estimates for feeder cattle, but the worst may already be anticipated.

Cattle On Feed On Feed: 102% vs 101.6% estimatePlaced: 106% vs 103.4% estimateMarketed: 90% vs 90.7% estimate The report is slightly negative versus pre report estimates for feeder cattle, but the worst may already be anticipated.

Grains are mixed as they brace for a 3-day weekend. The grain trade found a round of buying in the night session, with July beans tagging 1200 again, as crude oil pushed higher towards 100. Word that the Pakistani minister was traveling to Tehran around 7 AM CST for further discussions caused crude oil prices…

Overnight grain trading was lower but caught a bid late in the session. Grains faced steady selling pressure during the overnight session, but around 5 a.m. the market recovered from its lows, with soybeans climbing back to unchanged. The rebound followed reports that Iran’s supreme leader stated any uranium stockpiles would remain in Iran. Heading…

The grain trade softens as it awaits Chinese confirmation of an Ag package. Grain markets were weaker this morning, with wheat unable to hold an early 14-cent rally and the broader complex finishing the session on softer footing. The market is still struggling with uncertainty around China. Without confirmation from Chinese officials that an agricultural…

Hedge recommendation for soybean put roll. We will exit the August 11.00 short-dated new crop soybean put, currently 4.2, and buy the August 11.80 short-dated new crop soybean put at currently 24.4. With the cost of both puts combined, this gives us a 11.30 net protection while the upside is left open.

Grain futures turned mixed after a higher run in the overnight trade. Grain markets held mostly higher overnight, though the follow-through has been more restrained than yesterday’s stronger move. A softer energy tone has taken some of the lift away from agriculture, particularly after recent strength in crude and related markets helped support renewable fuel…

Late-week bearish grain sellers get turned on their head overnight. The grain trade is reacting to the foolishness they pursued last Thursday-Friday, as I explained the trade always throws the baby out with the bathwater and goes into liquidation mode when it does get what it’s wants. Sharp reversals were seen overnight with soybeans, corn,…