Tough weather coming up has soybeans back above $14 today while even corn lifts again as the growing heat coming for Labor Day weekend well into September with no rain will lower crop sizes.
Tough weather coming up has soybeans back above $14 today while even corn lifts again as the growing heat coming for Labor Day weekend well into September with no rain will lower crop sizes.
Quite a diverse trade today with soybeans double digits higher while wheat prices in Chicago drop double digits.
The Pro Farmer tour is coming to an end, but it's more about the crop ratings that are going to see a big decline next Monday and the following weeks. The concern is moving from the Pro Farmer finding pod counts and ear counts to what is the weight of the pods in the year is […]
Grain prices are lifting on export news, whether news, and production not holding up in the Midwest.
Grain futures tumbled again today after overnight strength failed to be maintained. Lack of volume and follow-through buying interest from end users allowed soybeans to go into a sharp correction from Monday's highs while corn has returned to its previous lows from last week. Heat hits this week, but the Pro Farmer tour is looking for pod counts […]
Soybeans share shooting higher on the heat for the Midwest this week, while the prime minister Romania says a lot spring 60% of Ukraine's wheat run into our country to Europe driving wheat prices back to their lows.
The Pro Farmer tour gets underway next week, and they will be working under very dry/hot conditions which might affect their yield perceptions.
Today we had soybeans and corn move higher while wheat moved the opposite direction again. Better yields out of Russia and a Hong Kong flagship pulled grain out of the Black Sea from Ukraine which was negative for wheat today, while soybeans and corn are worried about next week's hundred degrees temperatures.
A lot of 100-degree heat during next week's Pro Farmer tour will have yield thoughts creating a concern on pod weights with soybeans pushing higher well above the $13 mark.
Positive crop ratings yesterday put grain under pressure today and they cannot overcome that theme. Outside markets also all sharply lower, leading to the selling interest. High temperatures are on the way after this weekend, grain trade for now seems unconcerned.
