Crude oil prices have seen a slight increase, with a rise in short covering. Gasoline and diesel prices have also exhibited some fluctuations. However, there's a positive outlook for consumers as gasoline prices at the pump are expected to decline by approximately 30 cents in the coming week. This drop is attributed to changes in […]

Grain futures are surging, with wheat and corn prices making significant gains. Wheat is reaching its highest levels since July and trading above the 50-day moving average due to reports of a Ukrainian cargo ship hitting a sea mine, raising concerns about grain transport from Ukraine.

Grain and cattle markets were mixed today. Soybean prices surged by 13 cents, rebounding from summer lows, while wheat markets saw a 13-cent drop in hard wheats and 7 cents in winter wheat contracts. Cattle prices rebounded slightly after a weak close, with box beef prices dipping. This mixed performance reflects the ongoing challenges in […]

China unexpectedly buys US soft red winter wheat amid a global wheat price decline and Australian drought. More wheat sales to China may affect USDS carryout numbers. Soybean sales to China increase after recent price drops. Wheat leads gains, corn approaches $5, and soybeans may have bottomed. Cattle futures decline due to technical factors, with […]

Market rebounds after Friday's collapse. Wheat, corn and soybeans surge. Crude oil correction continues.

Friendly for corn, bearish for wheat and soybeans. Wheat production surprised, up almost 100 million bushels. Corn initially rallied, but wheat weakness and negative soybean data brought it down.

Wheat remained steady, while soybeans dipped after recent gains due to month-end and quarter-end adjustments. Corn saw buying due to short positions. China might shift soybean imports to South America, and they likely bought corn from Ukraine. Tomorrow, stocks and grain production data will be released.

Corn and beans are up, while wheat prices tumble due to a strong US dollar. Crude oil is rising on falling inventory levels.

The livestock sector experienced a significant drop in prices due to concerns about weakening consumer demand, indicated by various factors like slowing restaurant traffic and housing starts. Cattle prices, which peaked on September 15, saw a sharp decline today as market participants worry more about demand than supply.

Grain futures had a mixed day, with wheat and corn initially down but recovering, while soybeans faced pressure. Mexico's corn purchase boosted corn prices. Russia's smart bombs in Ukraine affected Black Sea shipping. Cattle futures dipped, the U.S. dollar rose, impacting gold and silver. Bitcoin dropped, and crude oil may see profit-taking.