There isn’t always a common theme across markets. Sometimes a session starts amid diverse influences. Sometimes, shorts or longs will dominate an open, then be tested by participants with different ideas. Each jockeying to have their way. Today’s trading opened bearishly for major grains and bullish cattle. There was some dallying in the green, with meal and soyoil at one point trading in the green even as soybeans oddly stayed red. However, this occurred concurrent with the lowest volume trading the coproducts since early May. Then late in the session the bears began to dominate, including in the cattle pits even as hogs went the opposite route. Hogs were the sole major ag futures contract to end today’s trading in the gr...
What You Need to Know Today: Market attention is shifting toward Tuesday’s USDA WASDE report, with analysts anticipating a modest reduction in U.S. corn production estimates and an increase in soybean production. The report could provide fresh direction for grain markets as traders reass...
Key Takeaways: WPI’s forecasts call for physical U.S. soybean crushing margins to weaken over the next four months and average $4.44/bushel by late February, while CBOT futures margins should rise modestly to about $2.40/bushel. A key catalyst for this is the expectation that U.S...
Regional News Black Sea trade dynamics remain central to European wheat and corn pricing, with the reported 26 percent increase in Ukraine’s October grain shipments adding pressure to markets. Concurrently, markets are waiting for the scheduled trilateral peace talks between the U.S...
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Illuminating the value of technical research
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