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.
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.
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 […]
