It's been a volatile week, with the recent new high placed by soybeans early in the week completely rejected, and the market is now tumbling back to near the 15.00 mark. We also explained why wheat is sharply higher while beans are lower.
It's been a volatile week, with the recent new high placed by soybeans early in the week completely rejected, and the market is now tumbling back to near the 15.00 mark. We also explained why wheat is sharply higher while beans are lower.
It's been a volatile week, with the recent new high placed by soybeans early in the week completely rejected, and the market is now tumbling back to near the 15.00 mark. We also explained why wheat is sharply higher while beans are lower.
It's been a volatile week, with the recent new high placed by soybeans early in the week completely rejected, and the market is now tumbling back to near the 15.00 mark. We also explained why wheat is sharply higher while beans are lower.
Rains that seem almost assured are ready to start in Argentina this evening into the weekend, bringing up to 2 inches of moisture for the heart of the soybean and corn growing region. This had soybeans toda,y making new lows for the week.
Grain futures tumbled hard today after making new highs in the overnight session, we discussed what pulled the plug on the rally.
A lot of bearish news was cast out the door in the grain trade rally on a comment from Pres. Putin and retail about it.
Grain futures are finding strength today and metals and oil work higher on the weak US dollar. Weather will dominant Tuesday as we will explain.
Soybeans, corn and Kansas City wheat all throw in double-digit gains today. We explain what happened from the USDA crop report today.
Wheat prices yesterday not only tumbled to a new low for the year but took out the December lows, getting exceedingly oversold ahead of the USDA crop report. Buying showed up today on short covering ahead of the data, along with soybeans taking another run at 15.00 but failing to overcome for today.
Wheat and soybeans had wide-ranging valuations today, with corn popping over $0.10 at one time. In today's Heartland Market Talk, we discuss what created the craziness.