Grains continue to firm into Friday’s NASS data. Grain futures again overnight were mixed to weaker but firmed in the morning hours as the US dollar weakened below 105.00, and weather models started to diminish some of the rain expected for early next week in the W Midwest. Also, positioning heading into Friday’s NASS crop…
Grains are higher on a weak dollar and dry forecast. Grain futures were mixed most of the evening session but by the 5 AM release of the GFS showed a perpetually hot and dry forecast for the western half of the US corn belt for the next 10 days creating a price advance. At 7:30…
Grains are sharply higher on ratings surprise. Grain futures gapped higher overnight on the decline in the corn ratings of 3% from the GD/EX category, with a sizable 16% of US corn crop rated poor/VP. This poor corn is located in the productive areas of Nebraska and Iowa. With 45% of the US corn crop…
Grains are softer to start the week. Grain and soybean futures are lower to start the week, as some areas of the NW Midwest at pickup favorable rains along with Russia’s wheat crop being raised substantially by IKAR, a private Russian analyst, to 95 MMTs. They have the crop in a range of 92-97 MMTs…
Grains are soft ahead of a weather uncertain weekend. Grain futures had a firm opening last night, with corn and beans exceeding Thursday’s high before weakening in the night session as it was announced that three ships have finally left today after Monday’s departure of grain from Ukraine, with more corn on board. There were…
Will it be another morning grain rally that gets sold? Grain futures have run traders ragged over the last eight trading sessions, vertical for five days and straight down for the prior three. Overnight volume reflected exasperation, and early morning strength came from short covering as the GFS remains relenting on the Plains and NW…
Pelosi leaves Taiwan. Will markets replace feared Chinese import losses? Grain futures are recovering today as Nancy Pelosi leaves Taiwan after a 19-hour stint without any fanfare. Other than China imposing a hold on numerous imports of Taiwan goods and conducting live military drills in the Straits of Taiwan, there has been no announcement of…