We talk about why corn held 470 and rebounded today, along with the ship that was used to try to get grain from Ukraine in the Black Sea was a stunt and we explain why.
We talk about why corn held 470 and rebounded today, along with the ship that was used to try to get grain from Ukraine in the Black Sea was a stunt and we explain why.
Soybeans are lower, despite reports of poor yields, as it is being deducted, the farmers are going to sell soybeans anyway and store their corn. That's because crop insurance gives farmers a nothing to lose and hold the corn mentality currently, as insurance 85% gives them protection from $5.05 on the board on the way […]
Wheat finds buying, but the bean crush showed less soybeans processed than hoped for, but it created a very tight soybean oil stock situation which supported soybean oil again for the fourth day this week for a higher close.
Ukraine continues to take aim at Russian ports, while rumors of three Panamax ships trying to make it to Odessa to load corn for China.
Today's action finds the grain trade higher, led by wheat again, as Russia has its potential exports threatened.
The breakout how the USDA came up with their calculations.
Big data day with wheat futures again pressing new lows for the year. We discussed why
Volume has fallen off considerably today, with the trading range for the day already set in the night markets. Exports return from China, and will probably see more announcements next week.
Guesses are coming in for next week's report, and if it's a commercial company, they are doing their yields on the high side. If it is a private company doing field surveys, they are lower guesses. So it's a wide array of thoughts heading in the next week Tuesday
Now I have soybeans seen a big rise today, but even wheat futures are getting into the rally mode.