Commodities turn higher on Zelenskiy comments. After a mixed to firm overnight grain session, and a complete reversal of yesterday, at 6:30 a.m. Chicago time, grain futures bolted higher led by wheat on comments from Ukrainian Pres. Zelenskiy that he believed Russia was sending new forces into Ukraine during a speech to the Norwegian parliament….
Commodities are sharply lower as truce talks intensify. Grain futures are sharply lower this morning, as around 6:30 a.m. Chicago time, news filtered in that Russia signaled intent to cut military operations around Kyiv and Chernihiv, and the Russian chief negotiator said Moscow would take military de-escalation steps. Peace talks continue into the evening in…
Spec trade: Buy a May soybean at the market. 1685 last, with a 1669 stop.
Grains decline on potential Black Sea truce and China lockdowns. Grain futures started soft Sunday night and steamrolled into a sharply lower night session led by wheat. With Russia shifting its military focus to the Donbas region of E Ukraine, the market senses the ability of Central and West Ukraine to have improved planting progress…
Cattle On Feed 3/25/22 On Feed: 101% vs 100.7% estimatePlaced: 99% vs 98.6% estimateMarketed: 97% vs 97.1% estimate Report came in neutral to pre-report estimates and is neutral for Monday’s resumption trade.
Buy 2 June Micro-gold at the MK, 1953 last with a 1890 stop.
Wheat recovers from overnight follow-through liquidation. Grain futures worked through a two-sided evening session, with the morning hours finding renewed buying in wheat as French milling wheat turned positive during its session in the early morning hours. However, further liquidation was seen overnight, on concerns that wheat and corn are not witnessing a pickup in…
Grain futures stall overnight after mid-week higher press. After a higher start Wednesday evening, by 8 PM, grain futures turned abruptly lower as reports of grain leakage continues and exporters/importers are finding workarounds to the sanctions. Also, several non-sanction Russian banks issued letters of credit for new transactions. As a result, world grain analysts are…
Dec corn makes another new contract high for the 3rd day in a row. After a choppy start overnight, grain futures moved higher with December corn again, making another new contract high. The Ukrainian Ag minister stated overnight that Ukrainian spring corn seeding could be cut in half if the Russian war does not and…