CME experiences technical issues. On time reopening questionable. Good morning, grain futures are called mixed to higher at the start of this morning. Whether we start is still a question, as the CME experienced a computer outage Thursday night, which was termed a cooling issue that took down all of its trading capabilities. Some of them…
Grains firm into the final full trading session ahead of Thanksgiving Day. This morning’s grain trade is firmer across the board with corn breaking out of recent congestion. The grain trade is slowly following the seasonal tendency to rally from Monday into Thanksgiving. Small that it may be, it’s still a rally. Most of…
Grains firm ahead of holiday-shortened week. Futures opened firmer overnight on light short covering (Turnaround Tuesday). While markets were weak for much of yesterday, strength into the close carried into overnight trade, setting the tone for a better open today. Fresh news remains limited. Export interest is picking up, and South American weather has turned…
A lower grain trade greets the start of Thanksgiving Week. Corn, soybeans, and wheat opened the week under light pressure as overall trade interest remains minimal. A lack of fresh headlines has contributed to the slow pace, but the upcoming Thanksgiving holiday is the bigger driver, with most of this week’s activity expected to occur…
Cattle On Feed October On Feed: 99% vs 98% estimatePlaced: 94% vs 91.2% estimateMarketed: 96% vs 95.9% estimate November On Feed: 98% vs 97.8% estimatePlaced: 90% vs 92.1% estimateMarketed: 92% vs 92.4% estimate October leaned mildly bearish with heavier placements. November came in mildly bullish with lighter placements. Overall they mostly offset, so Monday should be neutral.
Pres. Trump removes the 40% tariffs on Brazilian foodstuff, which includes beef. Futures remain under pressure this morning with limited buying interest. Fundamentally, not much has changed this week, and if anything, the recent increase in Chinese export sales has improved the outlook, particularly for the soy complex. However, much of that support has been…
Strong export sales helped grains recover overnight in price. Grain futures rebounded overnight as bargain buying followed two sessions of profit-taking. Despite the recent wave of selling, there’s been little change fundamentally to justify such pressure. In fact, demand has been steadily improving. The renewed interest from China in U.S. soybeans has helped erase fears…
Soybeans retreat from recent gains, awaiting further Chinese buying. This morning’s grain trade has soybeans on retreat, as the market has initially absorbed the two MMTs of beans purchased by China, amid the prevailing bearish fringe’s constant doubt that they will do any more the rest of this year. As China fulfills its agreement, the…
Chinese buying interest persists. After spending the overnight session in negative territory, commodity prices firmed as the session progressed. Demand is the keyword in trade right now, following yesterday’s rumor that China had booked US soybeans during the session. It is believed that China booked 14 US soybean vessels yesterday, 8 from the Gulf and…
