After a three-day beating, soybeans reverse multi-day losses and try to recapture half of the losses created since the December 30 high. Wheat in Kansas City made another new low for the year today and stayed near those lows on the close.
After a three-day beating, soybeans reverse multi-day losses and try to recapture half of the losses created since the December 30 high. Wheat in Kansas City made another new low for the year today and stayed near those lows on the close.
Today marks three days of heavy sawing across the board before wheat and corn found a bid by midmorning. In today's Market Talk, we break out what has brought the selling on, along with soybeans' ability to drop over $0.70 since last Friday's high was scored.
Grain futures tumbled today despite forecasts for continuing crop reduction drought in Argentina. We break down why prices broke out to the downside.
After catching a ride along with corn and soybeans, the upside over the past few weeks, wheat is dealing with the reality that Russia owns the wheat market. The very warm December in the Black Sea area has allowed Russia to go from 2.5 MMTs of export expectations to now exporting 4.5 MMTs wheat enema […]
Wheat futures struggled all day today as Russia this morning announced their wheat stocks were 35% higher than last year, surprising the trade. It appears Russia will continue to undersell the marketplace. Wheat rallies mostly hinge now on any damage that might ever occur to any of the three ports that are trying to export […]
The wheat market was higher but not before dropping $0.20 during the day off its highs and then came charging back. Markets have thin holiday trade while the soybean market starts to worry about spelling rain in Argentina's future.
Soybeans can't shake the concerns of the dry trend in Argentina while Brazil continues to have optimum weather. This is helped soybeans recover back to potential best close of the fall rally.
Soybeans experienced a strong recovery today of almost $0.30 at one point, as weather bottles turned back hot and dry for Argentina, while corn and wheat seem to of lost their luster on the Odessa Port export shortfalls which appear temporary
Russia knocking out electricity for the Odessa Port has the wheat market sharply higher today, while soybeans moved sharply lower on rains in Argentina. We will update you in the Heartland Market Talk podcast today.
In today's Market Talk, we discuss the USDA data released and how the numbers were mostly near expectations. We also talked about how the weather is developing in South America for the weekend.
