It was a topsy-turvy day with wheat arresting the decline that got underway last week stalling Kansas City at 8.00, while Chicago stopped at 6. 00 and short covering and sued. Meanwhile, spot corn is a strong market and we explain why.
It was a topsy-turvy day with wheat arresting the decline that got underway last week stalling Kansas City at 8.00, while Chicago stopped at 6. 00 and short covering and sued. Meanwhile, spot corn is a strong market and we explain why.
It's been quite the day, but the big story is Kansas City wheat heading right back to the lows made early in the week after a $0.40 bounce this week. We break it down.
There is a void in grain movement out of the Black Sea region after it had taken quite some time to get the corridor back online, this is creating an opportunity for some sales of French milling wheat, allowing a bounce for wheat, along with corn confirming the recent EPA ruling that the been no electrical […]
News from the EPA over the weekend help push corn and beans higher, reversing earlier wheat losses overnight, as more wheat is coming into Florida from Poland.
Looks like another spring top in place for grains, with wheat peaking seasonally no later than mid-May for the year and already imploded Kansas City wheat $0.90 in three days from the highs.
Poor exports this morning had spot corn and soybeans under pressure again for the downtrend on the week while new crop corn and soybeans tried to catch a bid but nothing exciting for recovery.
The markets collapsed again today, with December corn trading below five dollars while November beans also trade under $12.
The poor crush data yesterday, and soybean oil prices breaking below $0.50 on a stocks build had crude oil leaving the grain complex lower today
Grain futures pushed higher after new crop corn and soybeans pressed new calendar year lows overnight.
After seeing buying early in the week for corn and wheat, those recent gains were erased today as the trade lightens up ahead of Friday's USDA crop report 11:00 a.m.