After tumbling $0.80 from Monday's high, wheat futures turned this morning higher on news that Putin may bring an end to this safe grain corridor. We discuss the ramifications of how it can be avoided.
After tumbling $0.80 from Monday's high, wheat futures turned this morning higher on news that Putin may bring an end to this safe grain corridor. We discuss the ramifications of how it can be avoided.
Wheat prices gave up half of their limit up gains from Monday, as the Putin missile attack on Ukraine over the weekend turned out to be a tit-for-tat for the Crimea bridge being bombed.
Missiles were volleyed into Ukraine over the weekend by Putin in retaliation for destroying the Kersch bridge that connects Russia with Crimea. This has stroked fears that the Safe Grain Corridor will not get extended on November 22, contrary to the UN trying to convince the world otherwise.
In today's Heartland Market Talk, we discussed how corn and soybeans overcame a lower price run near the lows of the week to turn sharply higher on the session as crude oil advanced well above $90.00.
In today's Heartland Market Talk, we reviewed several factors that are sending grain prices sharply lower today. US dollar, exports, and a low Mississippi River.
In today's Heartland Market Talk, we discussed how grain futures went from sharply lower overnight into a big day session rally just to give it up. Part of the lift was on OPEC slashing oil production.
In today's Heartland Market Talk, we discussed the early rally in grains that got underway as the US dollar has now collapsed 4% since last week's high. Also, OPEC, at their meeting tomorrow, has let it slip that they may even slash oil production by 2 million barrels per day. This helped push early gains […]
In today's Heartland Market Talk, we walk through the volatility of the day and explain what's been shaken the tree.
In today's Heartland Market Talk, we discussed why wheat futures rallied overnight, getting very close to last week's highs and then subsequently dropping lower in the session well over $0.20 from the highs. We also discussed the upcoming OPEC meeting on October 5 for potential oil cuts.
Overnight the US dollar pushed to a new multi-decade high and declined to percent as the UK banking system stepped in to support its bonds that are in disarray, calming world chaos that was helping support the US dollar this week. With the US dollar on the decline, commodities are finding buying interest again. Wheat […]
