Agri Blog

Prices were mixed to begin the PM session but turned higher by the morning. The markets continue to digest all the yield guesses while continuing to look for signs of export activity. China has been around the corn and bean markets with a bean business announcement...

Prices are lower across the board on slightly better than expected crop ratings for beans. Corn crop ratings were actually 2% lower, but did not avoid a pressurised sell-off courtesy of the soy complex. Bull spreads continue to weaken on quiet nearby demand for beans...

Prices are lower on first notice day for August futures. Wetter weather and end-of-week profit-taking dominates price action. Oilshare sees profit-taking, while other spread trade strengthens. Grains: Corn prices rally but lack conviction, with ideas that funds may...

Overnight prices were firmer on the technical reversal from yesterday and lower than expected crop progress ratings. Chartists and technicians see the reversal in bean trade as constructive, and Monday night features follow-through. Beans gained on corn, meal gained...

Prices are mixed this morning with higher oilshare and soyoil and firm wheat, vs. weaker beans, meal, and corn. Traders were busy unwinding previous oilshare values this week on the back of the Administrations delay to defining biofuel mandates, but that correction...

Commodities and equities saw a nice rebound to start the night. All posted gains at the start of the trading session, including soyoil. Gains in soyoil outpaced meal, as has been the case backing oilshare, while wheat prices traded higher as well maintaining recent...

Prices continue to firm in the overnight session with wheat gaining on corn, and meal on soyoil, for a change. Weekly export sales were not much to get excited about, though wheat sales were the more impressive item. New sales for corn remain about 3 times ahead of...

It is report day and traders do not expect to see many changes in the numbers, particularly where yields are concerned. The report will factor in the slightly higher acreage data from June 30, and will be released at 11:00 central time. Look for light position-evening...

The USDA report sent prices sharply higher yesterday and the market will need a few days to digest the numbers. Charts did a sharp u-turn from Tuesday morning lows with recent shorts covering on the back of bullish numbers. New money was noted coming into December...

Prices started the PM session in the plus column after breaking down from a higher start yesterday.  Each different weather prediction seems to exist to show us trading range highs and lows.  No doubt that choppy price action equals trading ranges and a halt to...