Grains Were Mixed Overnight as Soybeans Found Some Selling Pressure
Outside equity markets came under pressure overnight as crude oil fell below $30 a barrel.
Grains were mixed overnight as soybeans found some selling pressure, falling below $8.80, while corn and wheat had some modest gains in the overnights session. Outside equity markets came under pressure overnight as crude oil fell below $30 a barrel.
USDA Revisions Will Be Needed if This Pace Keeps Up
Wheat Leads the Downside in the Overnight
In outside markets, crude oil and equity futures posted modest gains.
Grains were lower overnight with wheat leading to the downside and soybeans only off 1 cent from yesterday’s settlement. In outside markets, crude oil and equity futures posted modest gains.
Why It’s Unlikely for Today’s Gains to Hold Ground
Following the short covering rally, Kevin looks at what it will take for the rally to keep going.
Yesterday’s USDA Data caused a Rally
Grains were tempered overnight following yesterday’s rally on new USDA data
Grains were tempered overnight following yesterday’s rally on new USDA data. Meanwhile, equity markets and crude oil pushed higher trying to form a bottom after the steep sell-off that started the year.
Overall, USDA’s fresh data was mostly neutral in terms of its content, but it...[Read More]
Bullish Surprise for Grains, U.S. Continues to Struggle Globally
Grains Listless Overnight Awaiting Today’s USDA Report
Oil prices hit fresh lows overnight, but managed to claw back to nearly unchanged on the session.
Grains were listless overnight, marking time until this morning’s USDA report at 11 am CDT. In outside markets, S&P futures were trying to climb out of the hole that had been made by China and caused an 8% slide in equity markets in the last 2 weeks. Oil prices hit fresh lows overnight, but...[Read More]
Any Possibility for a Rally Following USDA Reports?
Grains Continue to Grind Lower
In outside markets, S&P futures posted solid gains while crude oil continued to sink.
Grains grinded lower overnight with losses of 2 to 3 cents in light trading ahead of Tuesday’s USDA crop report. In outside markets, S&P futures posted solid gains while crude oil continued to sink.
Rain fell in much of Brazil at one time or another over the weekend Rains ranged from 0.6...[Read More]
Bleak Outlook for Corn Exports
US corn exports may suffer this year as Argentina lowers prices.