Morning Update 3/28/22

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…

Morning Update 3/25/22

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…

Morning Update 3/24/22

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…

Morning Update 3/23/22

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…

Morning Update 3/22/22

Dec corn makes another new contract high overnight.. Wheat futures are sharply higher, with corn mixed and soybeans higher in what was a volatile session overnight. Soybeans gained as much as $0.30 in the night session before giving up a large chunk of that into the morning, while wheat futures also pressed last week’s highs…

Morning Update 3/21/22

Dec corn makes new contract highs on Ukraine new-crop shortfalls. Grain futures moved sharply higher in the night session. December corn made a new contract high on concerns the Ukrainian corn crop will experience reduced potential with no end in sight for the military confrontation with Russia. Reports of stolen fuel by the Russian military…

Morning Update 3/18/22

Wheat leads the morning weakness. Morning grain futures find wheat sharply lower with corn following, while soybeans try to stay firm on Chinese interest. Wheat futures are on retreat, with rain forecasted for the dryer HRW wheat belt next week. Headline watching of the Ukraine/Russian conflict still finds continual discussions of truce talks, but continued…