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Spec Trade: Buy a March Sugar at the MKT, 18.05 last with a 17.55 stop.

Soybean prices make new contract highs again overnight. Grain futures were sharply higher overnight, led by the soybean market, as losses begin to mount for the South American soybean crop with another dryer than normal stretch of weather for southern Brazil and Argentina on the way. However, wheat futures gave up significant overnight gains after…

Soybean prices make new contract highs overnight, lead by bean oil. Grain futures were higher overnight with soybean oil leaving the soybean market onto new contract highs. Malaysian Palm oil moved to new historic highs overnight as Indonesia restricts exports. The government’s move was to lower the domestic price of palm oil for cooking needs…

Soybean prices make new contract highs overnight before retreating. Grain futures had a mostly lower session overnight, but soybean prices broke to new contract highs in the early morning hours, taking out the March 2022 contract high made early last June at 10.45. World Palm oil prices moved to new record highs as the Indonesian…

Spec Trade: Buy a March KC Wheat at the MKT, 810 last with a 786 stop.

Wheat values spill into correction after $1.00+ advance. Wheat futures spilled into a correction overnight on de-escalating tensions between Ukraine/Russia. At the same time, soybeans found renewed buying overnight on rumored Chinese buying with their Lunar New Year holiday starting this coming Monday. Asia and China are likely forward buying ahead of their holiday because…

Wheat leads the overnight price strength. Wheat futures are higher again this morning, as corn and soybeans follow. Tensions remain elevated over the Ukraine/Russian concerns, with Russia demanding assurances that Ukraine does not join NATO. In addition, the US put 8500 troops on alert for ready deployment to Eastern Europe in case of any escalation….

Spec Trade: Buy 2 March Mini-beans at the MKT, 1393 last with a 1367 stop.

Black Sea tensions on the front burner. Grain futures opened firm to sharply higher overnight, on rising political tensions in the Black Sea region between Russia/Ukraine and South American corn and soybean crop estimates which are in decline. Price weakness returned to row crops overnight with macro risk-off selling continuing in the stock equity markets…

Cattle On Feed 1/21/22 On Feed: 101% vs 99.7% estimatePlaced: 106% vs 101.8% estimateMarketed: 100% vs 100.9% estimate Report is bearish to pre-report estimates, expect a lower opening on Monday of 1.00 or more.