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Spec Trade: Buy a Dec Corn at the MKT, 692 last with a 679 stop.

Three-day weekend creates heavy liquidation. Despite searing heat forecasted for the Delta and Gulf states where corn is pollinating and the trend of below-normal rainfall, along with Russian missiles flying into the port of Odessa in Ukraine, grain futures opened sharply lower overnight and went into heavy liquidation. Active index fund selling for managers limiting…

Three-day weekend ahead creating short-covering. Grain futures are firmer to start the last day of the week ahead of a three-day weekend. Given the sensitive nature of the balance sheets, a one-bushel deviation from the USDA’s current 177 Bu/acre for corn is worth roughly $0.25 when perceptions swing. With stock markets having stabilized overnight, yesterday’s…

Threatening US and European weather takes focus. Grain futures are firm to higher this morning after a mixed overnight session. Threatening US and European weather are creating support while the outside markets have equities and energies sharply lower after yesterday’s post-Fed meeting rally. The Federal Reserve did react with a .75% interest rate hike with a…

FED meeting announcement today at 1:00 p.m. CDT. The overnight grain trade was again softer as the liquidity drain continues on the concerns of the Federal Reserve meeting today, raising interest rates by .75% and strengthening the US dollar. The market is emotionally worrying about reduced demand because of higher rates. History does not show…

Spec trade: Buy a Dec corn at 718 OB (717 last) with a 703.6 stop. The upcoming 3-day weekend and heat building should have Dec corn rising into next week.

FED meeting starts today. It’s a mixed morning for grains, with wheat and corn softer while soybeans mount a mild recovery. Outside markets are stable as the Federal Reserve starts its two-day meeting today with the interest rate hike announcement tomorrow at 1:00 p.m. The trade is now anticipating a potential .75% interest rate hike….

Risk-off versus a threatening weather forecast. Grain futures opened higher last night and moved sharply higher on wheat, with corn and soybeans also finding initial strength before getting caught up in the risk-off selling in the outside markets. Stock indexes were down another 5% overnight after Friday’s massive losses from the CPI index, which was…

USDA WASDE Report 6/10/22 Ending stocks data was a touch friendly soybeans and slightly negative corn. Old and new crop wheat carry outs were mixed but within estimate ranges.

Stronger CPI keeps pressure on the FED The grain trade overnight was lower as yesterday’s strength in corn and beans went into correction after outside markets tumbled hard rolling into today’s CPI report. The Consumer Price Index this morning came in the highest in 40 years jumping 8.6% year-over year. This set outside markets with…