A lot of volatility went through the grain trade today and we will discuss that in today's podcast.
A lot of volatility went through the grain trade today and we will discuss that in today's podcast.
In today's Heartland Market Talk we discussed why grain futures rolled over giving up gains while crude oil continues to advance over two dollars a barrel today.
Crude oil plummeted five dollars a barrel today, dragging the grains lower with it just reversed back to unchanged in the podcast session on stories we will divulge.
Grain futures tried the second day of rallying which continued through the night session, but a drop in crude oil that we will discuss in today's podcast trimmed the gains.
Grain futures traded sharply lower in the early morning hours, as it was announced that the safe grain corridor would be auto-renewed. But as the day progressed, the sell the rumor by the fact scenario came into play and grain futures have seen a start recovery from overnight losses.
Today we discussed why soybeans tumbled so hard and drop over $0.30 to near last week's lows.
This morning grain prices tumbled on the prospects of the safe grain corridor going through on September 19 by a story out a Bloomberg. By noon today, grain prices exploded, with wheat rallying $0.40 off of morning lows on a story that Russian missiles hit a city in Poland, killing two people near the border of […]
Wheat futures lifted substantially today on a rocky wheat tender for US HRW wheat, but prices quickly gave up over half the gains when and the supply amount was only 200,000 MTs. Meanwhile, soybeans press lower as beneficial rains are supporting a big Brazilian crop.
Grain prices are struggling after firm trade in the morning, now lower across the board with corn taking out the October low ahead of Wednesday's NASS crop report.
