Heartland Market Talk: Recent Episodes
Heartland Investor Services
Grains rise, led by wheat due to unfavorable Indian weather, Chernobyl drone incident, and cold in the plains and Russia. Corn and beans slightly lower; cattle volatile.
Grains and cattle rallied, with wheat leading on cold-weather concerns. Cattle found support from tariff impacts. Corn, soybeans, and crude oil posted gains.
Grain futures show soybean prices declining due to ample South American supply, contrasting with rising corn and fluctuating wheat prices affected by cold weather forecasts in key regions.
Crop report day saw unchanged corn and soybean carry outs, disappointing wheat decrease, and lowered global stocks. Market softness persists with minor price adjustments.
Grain markets opened lower due to Trump's tariff announcements. Corn rose on Mexican exports, wheat on reduced Turkish production, soybeans fluctuated amid weather forecasts and Chinese trade deals.
Markets opened strong but retreated as tariff concerns weighed in. Corn, soybeans, and wheat remain higher for the week, while livestock and energy markets show minimal recovery.
Grain futures decline, led by soybeans after rumors of China's phase one acceptance remain unconfirmed. Argentine rainfall boosts soil moisture, affecting crop outlooks variably.
Grain futures decline, led by soybeans after rumors of China's phase one acceptance remain unconfirmed. Argentine rainfall boosts soil moisture, affecting crop outlooks variably.
Grain markets surged as Trump's tariff predictions faltered, boosting soybeans and corn to 2024 highs, aided by strong export figures and technical breakthroughs.
Grain markets saw surprising resilience despite Trump's tariff threats. Corn and soybeans rallied on favorable weather and easing trade tensions with Mexico and China.
Export sales lag due to Christmas week. Brazil's massive crop overshadows Argentina losses. Grains, cattle futures volatile. Metals mixed, crude oil up, Bitcoin surges.
Soybeans and corn rise on Argentina's drought but face Brazil's strong crop prospects. Wheat softens on snow forecasts. Cattle gain on cold weather; crude oil climbs.
Soybeans lead grain markets higher amid weather concerns in Argentina and Brazil. Corn and meal rise, while livestock, wheat, and hogs face mixed reactions.
Corn futures hit six-month highs, driven by dryness in Argentina. Soybeans and wheat saw mixed action amid farmer selling and weather concerns. Livestock futures showed volatility due to cold weather.
Grain futures mixed; wheat leads gains, soybeans retreat. Strong export sales boost corn and wheat. Livestock trends upward; gold, silver drop. Crude oil rebounds above $70.
Grain futures rally post-Christmas, led by soybeans amid supply concerns from Argentina. Corn prices rise ahead of January’s USDA report, and cattle futures surge.
Markets closed early for Christmas. Grains were mixed, with strength in corn and soybeans but weakness in wheat. Livestock trade was mixed; crude oil rose.
Grain futures shifted as wheat rallied sharply, soybeans softened, and corn held firm. Livestock saw mixed impacts from reports, while metals and crude oil were volatile.
Soybeans and corn rally amid Chinese buying rumors and Argentine dryness concerns. Livestock futures recover, while metals and Bitcoin gain on U.S. government shutdown optimism.
Soybeans rebound after a sharp sell-off with export sales improving. Corn edges higher, wheat drops to new lows, and cattle futures face pressure despite strong cash markets.
The grain market, after being four days lower, is now seeing some buying here on this Friday.
Grain and livestock futures struggle amid a strong US dollar and bear spreading; export sales rise, but uncertainty weighs on prices across commodities, especially grains.
Corn and soybean markets resist sell-offs, bolstered by major international purchases. Wheat faces downward pressure. Livestock prices slide, while gold dips and Bitcoin surges.
Grain futures decline as palm oil, China trade, and South American rains pressure markets. Soybeans, wheat fall sharply; corn slips slightly. Livestock, metals mixed; Bitcoin rebounds.
Grain futures correct as farmer selling pressures markets; softer soybean oil, wheat, and corn prices stem from various geopolitical and regulatory factors, while Bitcoin gains sharply.
USDA surprises analysts, lowering corn and soybean yields. Soybeans dropped to 51.7 bu/acre, rallying prices briefly. Corn follows suit with 183.1 bu/acre, demand remains strong.
Soybeans rally past $10, driven by strong export sales and surging soybean oil demand, while corn, wheat, and cattle futures see mixed trends amid rain forecasts.
Corn futures surged past key averages, driving a bullish trend across grains, cattle, and hogs. Soybeans and wheat followed, while metals declined amid Fed rate cuts.
Soybeans sustain over $10 as corn demand rises, fueled by global shortfalls. Cattle and hogs fluctuate, metals and Bitcoin climb, crude oil edges up.
Grain futures rose overnight, driven by soybean and energy gains. OPEC's delayed production and a Gulf hurricane lifted crude oil. Anticipated reports, rate decisions, and mixed weather updates continue to impact markets.
Bean oil surges, lifting soybeans. Strong corn exports; Midwest rains may halt harvest. Wheat holds steady, cattle dips. Crude oil rebounds; metals slip on economic data.
Bean oil rises, aiding soybeans. Corn exports strong, harvest rain likely to pause activity. Wheat steady, cattle drop slightly. Crude oil rebounds, metals decline on economy.
Soybean and canola prices rally on rising global veg oil demand, boosted by China’s renewed grain purchases. Corn and wheat markets show mixed movement, while cattle dip, hogs and energy rebound.
Current state of the grain futures market, with wheat, corn, and soybeans all seeing a pullback after recent rallies.
Wheat futures dip after hitting technical resistance, with corn and soybeans also lower amid dry weather in Ukraine and Brazil. Livestock markets saw mixed results.
Grain futures fluctuated with wheat and corn up, soybeans down due to EU deforestation bill delay and Brazilian weather forecasts. Livestock markets showed bullish trends.
Wheat, corn, and soybeans surged after firming crude oil, rising Russian wheat prices, and geopolitical tensions. Cattle, hogs, and precious metals also experienced notable gains.
Corn futures lead market rally with bullish stocks data. Soybean rains in Brazil crucial. Wheat follows corn’s strength. Livestock and energy markets show mixed performance.
Corn and soybeans hit new highs amid strong demand, dry U.S. harvest, and Brazil's rain delay. China buys soybeans, supporting soy meal; wheat and cattle struggle.
Grain futures rise overnight but stall as harvest pressure looms. Brazil's drought affects soybeans, with delayed planting concerns. Cattle trade recovers, while hogs decline.
Market rallies on global weather concerns despite farmer selling. Corn and soybeans up slightly, wheat near daily highs. China rumored buying beans.
China’s stimulus package boosted grains overnight. Dry weather in Brazil raises soybean concerns, while metals and crude rise. Cattle, hogs mixed, silver surges on raw material demand.
Grain futures rise sharply due to lower-than-expected yields, dry weather in Brazil and Russia, short covering, and concerns over interest rates, boosting commodities broadly.
Grain futures varied with soybeans stabilizing near $10. Corn faced harvest pressures and logistical issues, while wheat fluctuated amid geopolitical concerns and short covering ahead of the weekend.
Corn and wheat markets are lower, soybeans remain volatile with strong exports. Cattle prices rise ahead of USDA report, while oil and gold gain on rate cuts.
Grain futures rallied overnight but faced daytime selling pressure due to harvest season. Soybeans surged on potential Chinese buying, while cattle and hog markets mirrored stock market movements.
Grain futures are mixed, with corn and soybeans holding near last Friday’s prices. Wheat trade softened; Brazil’s dry conditions support soybean prices. Cattle optimism rises.
Grain futures fluctuate: wheat down, soybeans resilient despite negative crush report. Wheat trade impacted by NATO news and Russian harvest; corn stable amid crop ratings.
Grain futures surged with strong corn and soybean trades, boosted by export news. Corn eyes higher yields despite dryness, while cattle and hog markets fluctuate.
Algorithmic trading by index funds is shifting, boosting corn and soybeans. Market recognizes yield risks due to Midwest dryness, supporting prices despite canola and oil market pressures.
Grain futures rose on the last trading day of the month, influenced by market adjustments ahead of the September 12 crop report and varied international developments.
Market trends show gains across corn, soybeans, and wheat, except for Kansas City September wheat, down slightly due to liquidation. Strong export sales reported.
Wheat rises; corn, soybeans dip on rain in Illinois/Indiana. White mold and sudden death syndrome hit beans. Global crop concerns, weaker corn due to China's sorghum plans.
Corn and soybeans rebounded from recent lows, supported by market optimism and strong export figures, while wheat also saw gains amid improved trade conditions.
Soybeans surge on Pro Farmer crop tour yield, unfavorable weather, and palm oil export concerns. Corn and wheat futures slump amid delivery pressures. Cattle futures firm.
Today's Heartland Market Talk covers mixed market trends with soybeans showing strong gains, while wheat and corn futures soften due to the ongoing rail strike in Canada. We also discuss the impact of lower-than-expected corn yields and global demand on the soybean market, along with updates on livestock and energy markets, providing valuable insights for investors.
Grain trade declines, led by soybeans and wheat, with yield expectations high but dependent on rain; Canadian rail strike pressures wheat market.
Corn and soybeans performed well overnight, but wheat trade weakness weighed on the market. Dry weather forecasts and ethanol production are key factors.
Mixed grain futures today, with soybeans and wheat up amid dry forecasts. Cattle market sees sharp declines, while gold and silver rise on weak dollar.
Corn and soybeans rally on dry Midwest weather forecasts, strong exports to China, and market uncertainty. Wheat and cattle mixed; oil and Bitcoin decline.
Corn and soybean markets hit contract lows before bouncing due to end-user buying. Wheat market stabilizing, with potential bull markets in corn and wheat.
Overnight gains in wheat and corn reversed as market realized no export loss from Odessa attack. Soybeans maintain strength with strong NOPA crush data.
Ag markets are mixed: corn and soybeans firm, wheat fading. US inflation data drives rate cut expectations. Cattle strong, gold and Bitcoin tumble.
Wheat futures show slight gains amid global trade shifts, while soybeans and corn struggle with pressure from increased acreage and export burdens.
Crop report shows slightly positive corn and wheat numbers, bearish soybean figures. Mixed market reactions, with cattle futures dropping and metals sharply rising.
Volatile week in markets, wheat gains amid European losses, and upcoming crop report crucial. Cattle market stabilizes; crude oil rises on Middle East tensions.
Grain futures mixed; corn and soybeans lower amid yield concerns and rumors. China's demand unclear; wheat and cattle markets fluctuate, with geopolitical risks affecting prices.
Grain futures drop as markets brace for Monday's WASDE report. Expected yields: corn 183 bu/acre, soybeans 53 bu/acre. Anticipated acreage losses impact prices.
Today, soybeans softened by 13-15 cents despite improved crop conditions. Corn exports surged with June's figures exceeding expectations, while wheat saw strength from Egypt's large purchase.
Grain futures see varied movements amid economic indicators and Fed rate speculations, with corn and soybeans gaining, wheat mixed, and cattle futures declining on recession fears.
Grain markets rise amidst a volatile day; stock market plunges on poor job report. Cattle and energy down; grains gain amid upcoming crop report uncertainties.
Wheat recovers on French milling concerns and global export interest. Corn, soybeans firming despite lows. China may increase US grain purchases due to domestic issues.
Grain futures mixed: corn and soybeans hit new lows, wheat rebounded; China’s poor weather may boost demand. Cattle, hogs, and metals markets fluctuated with global events.
Grain futures saw a volatile day with corn and soybeans hitting lows and wheat showing resilience despite global supply concerns and market uncertainties.
Grain futures fluctuated with corn and soybeans initially lower but rebounding; wheat stable. Global weather issues impact yields and exports, causing varied market movements.
Grain futures show mixed trends with row crops up, wheat softer due to heat affecting yields. Livestock sees strong cattle bids, while hogs and precious metals decline.
Corn and wheat futures rise while soybeans retreat after recent gains. Western Corn Belt faces heat, impacting yields. Cattle mostly lower, mixed trends in other commodities.
Grain futures showed mixed movements, with corn and soybeans fluctuating due to hot, dry weather forecasts affecting crop expectations and market dynamics.
Grain futures see volatility with corn up amid weather shifts, while soybeans hold strong. Global wheat quality concerns persist; cattle and hog markets show varied improvements.
Global wheat markets surged initially due to poor European crop quality; rumors of Russian nuclear leak briefly boosted prices, impacting corn and soybeans.
Grain futures rise midweek on Chinese demand and weather concerns. Wheat jumps on Canadian stress. Corn and soybean prices strengthen amid export competitiveness. Cattle and hogs mixed.
After a rough day in grain trading, strong yields and potential Chinese demand lead to a market turnaround, despite concerns over future agricultural exports.
Concerns over a Trump presidency may slow grain exports to China, yet urgent needs and crop competition could drive aggressive purchases within six months.
The USDA crop report shows slightly friendly corn and soybean data, but bearish wheat production. Spring wheat production exceeds expectations, while cattle and hog prices rise.
Grain futures rose with a weaker dollar and CPI data hinting at potential interest rate cuts. Stock markets surged then dipped on profit-taking.
Soybean market hits new contract lows despite Chinese buying; improved weather stabilizes corn. Cattle futures drop on recession fears, while metals and crude oil see mixed trading.
Grain futures see soybeans and canola drop sharply, corn and wheat stabilize. Cattle markets weaken, while metals and Bitcoin gain modestly. Crude oil steady.
Grain futures plummeted today after recent gains. Weather concerns and market reactions to crop forecasts dominated, with soybeans notably affected amid hurricane impacts and global production uncertainties.
Today's grain market sees significant activity, led by wheat, soybeans, and corn. Weather impacts in Europe and the Black Sea region drive global price shifts.
Soybeans and canola prices rise amidst trade tensions between Indonesia and China, influencing grain futures; soybean oil strengthens as weather supports crop growth.
Grain futures varied, soybeans rose sharply amid volatile trading. Ukrainian corn prices surged due to drought, impacting global markets. Livestock and energy markets showed mixed movements.
Grain futures show wheat sharply up, corn softer, soybeans rising on high soybean oil. Indonesia's potential tariffs drive soybean oil gains, impacting global palm oil dynamics and US wheat demand.
Today's agricultural report showed unexpected increases in corn acreage and stocks, pushing prices down sharply. Wheat and soybeans also fluctuated, while cattle and hog futures saw varied movements.
Grain markets initially lifted but fell due to rain forecasts and rumors of Brazilian wheat purchases. Soybeans fluctuated with news of South American meal imports.
Crop ratings declined as expected due to heat and dryness in the eastern Corn Belt. Flooding threatens southern Minnesota. Ethanol margins rise, while corn, wheat, and soybean prices fall. USDA crop report anticipated Friday.
Corn and wheat futures are dropping due to harvest pressures and adverse weather. Corn is stressed by flooding and heat, impacting yields. Soybeans firm, livestock mixed, metals and oil prices varied.
Grain futures decline with wheat leading since May 28. Heavy rains in the Corn Belt threaten crops, while soybeans rise on better export sales.
Grain futures are declining due to weather forecasts and harvest reports. Corn, beans, and wheat prices drop as traders react to short-term and long-term weather predictions and global crop conditions.
Corn and soybeans are up due to deteriorating crop conditions, while wheat is down. The Midwest's weather split impacts forecasts and crop ratings. Cattle and hogs show mixed trends, while gold and silver rise.
Grain futures dropped amid delayed Brazilian tax hikes, drought in Russia, and U.S. heat. Soybean, wheat, and corn prices fell, while cattle and hog markets fluctuated.
Grain markets retreat as weather forecasts shift. Cattle prices surge on tight supply and demand. Gold rises, crude oil steady, hogs rebound, and Bitcoin falls.
Markets rose after Brazil's agricultural agency cut soybean estimates but raised corn projections. Midwest and China face weather issues, impacting grain and livestock prices.
June crop report shows minimal change in trade action. Corn remains steady, slight gains in beans, wheat down. USDA ignores South American crop losses. Market awaits Brazilian data.
Grain futures were mixed with sharp reversals: Chicago and Kansas wheat rose, spurred by reduced Russian crop estimates and French milling wheat gains, while soybeans and cattle futures declined.
Grain futures are mixed: soybeans rise, pulling corn with them, while wheat declines amid harvests and global quality concerns. USDA may increase wheat yields, affecting prices.
Grain markets rebounded after a week of massive selling due to poor export outlooks and high yield expectations, driven by weather concerns and Brazil's new tax policy.
Wheat futures decline post-Memorial Day amid poor Russian and Ukrainian crops; soybeans rise on potential Brazilian export tax; U.S. corn crop looks promising.
Grain futures mostly lower; corn and soybeans saw some fluctuations. Crop progress is strong, with support from rising prices in South America. Livestock and metals mixed.
Grain and crude oil markets fall sharply due to OPEC uncertainty, economic slowdown, potential Hamas-Israel conflict resolution, and positive crop condition ratings. Livestock and metals mixed.
Grain futures saw initial gains but fell as selling algorithms activated. Concerns over global crop issues and future reports remain, affecting market sentiment and prices.
Grain futures are lower across the board, retreating from an early surge. Wheat markets hit new highs due to Russian droughts. Corn and soybeans also softened.
Grain futures fell amid crop progress and weather forecasts. Wheat and corn dropped, while cattle and hogs declined due to export issues and market adjustments.
Grain futures opened mixed, influenced by Russian crop losses. Livestock varied; cattle strong, hogs weak. Gold, silver, Bitcoin, and crude oil gained.
Soybeans hit multi-week high then fell. Corn planting delays shift acres to soybeans. Wheat supported by Black Sea weather. Cattle, hogs mixed; gold, silver, Bitcoin, and crude oil down.
Grain prices fluctuate as wheat spikes then falls due to Russia's actions. Corn and soybeans rise, driven by planting delays and potential export boosts. Livestock and oil markets also show varied movements.
Grain futures rallied, led by dry weather concerns in Russia and Ukraine. Wheat, corn, and soybean prices fluctuated, while cattle futures rose on strong beef demand and expected positive reports.
Grains rallied due to Russia's weather issues and Ukraine tensions. Wheat led gains, followed by corn and beans. Wet US weather shifted corn acres to beans. Cattle and hog prices mixed.
Wheat futures fluctuate 10-15 cents daily due to Black Sea crop concerns and Kansas City wheat tour results. Soybeans rise on Brazilian demand. Cattle prices peak pre-Memorial Day.
Farmer selling impacts wheat and corn prices, while soybeans drop despite sales. Delayed planting affects corn prices in key states. Livestock futures show optimism. Gold, silver, Bitcoin rise; crude rebounds.
Midweek saw early wheat gains sold off as farmers sold pickup, then prices rose again briefly. Corn and wheat dropped, soybeans fluctuated. Delayed planting due to inclement weather persists, affecting prices.
Wheat futures rebounded strongly after losses, driven by concerns over Russian wheat production due to frost and drought, while corn retreated amid planting challenges.
Grain futures surge as Russia's wheat production declines due to freezes. Expect export restrictions as production dips below 84 million metric tons. Livestock markets fluctuate.
Friendly numbers for corn and wheat. Russia's winter wheat freeze drives buying interest. Spring wheat planting may reduce production. USDA report impacts corn and soybean markets. Wheat strength from production adjustments.
Wheat prices rise, corn and soybeans fall due to increased Brazilian selling, lower interest rates, and weather concerns. USDA expected to reduce South American crop yields.
Midweek grain trades fluctuate, dubbed "Wobbly Wednesday." USDA's WASDE report predicts bearish trends due to global production issues. Brazil and Argentina face challenges.
Grain futures experience turnaround Tuesday with early strength due to planting delays. Corn and soybeans below expected rates, but new crop beans hold up. Cattle futures rise, hogs gain, gold softens, crude rebounds.
Grain markets rally due to short positions, concerns over global production (Kansas, Russia), boosting prices. Cattle futures soft despite rising beef prices. Gold, Bitcoin, crude oil fluctuate.
Grain futures surged with wheat up due to poor Russian weather, corn firming on planting delays, and soybean meal demand from Argentina. Livestock and gold also fluctuated.
Afternoon, grain futures surge on heavy rains in Brazil. Soybean prices soar, fears over short supplies. Corn rises amid Midwest rain. Cattle rally on negative testing, hogs struggle. Gold volatile, oil slips.
Grain futures weaken with prospects of rain in Kansas, impacting wheat prices. Soybeans firm on Brazil's market strength. Concerns rise over avian flu testing. Livestock futures decline.
Soybeans and wheat were down sharply, corn slightly lower. Massive delivery intentions pressure markets. Livestock, gold fluctuate; crude oil weakens.
Grain futures show mixed trends; wheat retreats slightly, influenced by delayed plantings. Russian weather forecasts hint at rain, impacting markets. Soybeans up due to Argentine strike and austerity measures.
Wheat market remains strong despite corn and soybean attempts to lead. Moisture prospects good, Kansas wheat up for 8 days, hitting $6. Freeze concerns persist.
The wheat market continues to rally with Kansas City wheat leading gains. Soybeans face a deficit due to export sales, while weather issues impact European crops.
Grain futures surged with wheat leading the way due to concerns over dryness in the Southwest, impacting yields. Corn and soybeans also rose amid planting concerns. Cattle and hog futures varied.
Grains rallied on Friday due to the commitment of traders report showing near-record shorts. Dry weather in the US plains and Russia also boosted wheat prices. Livestock futures surged, but gold and silver declined.
Grain futures rose Friday, led by soybeans up 20 cents. Corn and wheat gained on supply concerns. Cattle mixed, hogs surged. Precious metals and oil showed volatility.
Grain futures show mixed trends with hard wheat rising while corn and soybeans drop. USDA predictions on South American crop yields may lower, impacting future prices. Market remains volatile.
Today's market report highlights higher soybeans and lower wheat, fluctuating corn, wheat facing resistance from weather forecasts, cattle futures selling off, and varied movements in stocks, gold, silver, Bitcoin, and crude oil.
Mixed grain trade with hard wheat contracts up due to weather conditions affecting the Kansas crop. Corn softer due to soybean weakness and currency issues. Livestock and metals markets also fluctuating.
Grain futures climbed with oil, gold, and silver; soybeans dropped on low crush numbers; cattle mixed; gold, silver volatile; Bitcoin falls; oil pressured by Iran-Israel tensions.
Grain futures surge initially, soybeans notably up 20 cents; market reacts to USDA's differing crop reports for Brazil and Argentina. Gold peaks, silver fluctuates. Cattle prices plummet amid interstate commerce restrictions due to disease fears. Oil rises on Iran tensions; crypto, dollar mixed.
Today's action finds the grain trade higher, led by wheat again, as Russia has its potential exports threatened.
Volume has fallen off considerably today, with the trading range for the day already set in the night markets. Exports return from China, and will probably see more announcements next week.
Guesses are coming in for next week's report, and if it's a commercial company, they are doing their yields on the high side. If it is a private company doing field surveys, they are lower guesses. So it's a wide array of thoughts heading in the next week Tuesday
Now I have soybeans seen a big rise today, but even wheat futures are getting into the rally mode.
Since early last week, corn has continued to find buying interest under 580 and closed at its best price today. Meanwhile, soybeans produced a near $0.20 trading range but closed right in the middle of it.
Soybeans are struggling despite the heat that's come in their way to continue to destroy yields, as are many talking we might see acreage increases on the September 12 crop report.
After tumbling $0.15 early in the session, wheat futures are recovering, absorbing those deliveries after a dramatic decline over the past week. It's the last day of the month and things are shifting as we report.
While soybeans and corn struggled with end of the month selling, wheat futures turned up after Russia stated no grain corridor but has an alternative.
Stats Canada data was friendly for spring wheat, and oats, but the rest of the data cannot support today's grain action other than Minneapolis wheat and the oats making new highs for the summer.
Tough weather coming up has soybeans back above $14 today while even corn lifts again as the growing heat coming for Labor Day weekend well into September with no rain will lower crop sizes.
Quite a diverse trade today with soybeans double digits higher while wheat prices in Chicago drop double digits.
The Pro Farmer tour is coming to an end, but it's more about the crop ratings that are going to see a big decline next Monday and the following weeks. The concern is moving from the Pro Farmer finding pod counts and ear counts to what is the weight of the pods in the year is going to come in at with such a devastating finish for the corn and soybean crop which also experienced a rough start.
Grain prices are lifting on export news, whether news, and production not holding up in the Midwest.
Grain futures tumbled again today after overnight strength failed to be maintained. Lack of volume and follow-through buying interest from end users allowed soybeans to go into a sharp correction from Monday's highs while corn has returned to its previous lows from last week. Heat hits this week, but the Pro Farmer tour is looking for pod counts and cop counts which makes it difficult to assess total production until we get into September, when ear weights and pod weights become important.
Soybeans share shooting higher on the heat for the Midwest this week, while the prime minister Romania says a lot spring 60% of Ukraine's wheat run into our country to Europe driving wheat prices back to their lows.
The Pro Farmer tour gets underway next week, and they will be working under very dry/hot conditions which might affect their yield perceptions.
Today we had soybeans and corn move higher while wheat moved the opposite direction again. Better yields out of Russia and a Hong Kong flagship pulled grain out of the Black Sea from Ukraine which was negative for wheat today, while soybeans and corn are worried about next week's hundred degrees temperatures.
A lot of 100-degree heat during next week's Pro Farmer tour will have yield thoughts creating a concern on pod weights with soybeans pushing higher well above the $13 mark.
Positive crop ratings yesterday put grain under pressure today and they cannot overcome that theme. Outside markets also all sharply lower, leading to the selling interest. High temperatures are on the way after this weekend, grain trade for now seems unconcerned.
Grain trade had seen strong overnight gains on soybeans that were trimmed as dry weather is becoming concerned for the last half of August with rising temperatures.
Even though crop ratings came out higher-than-expected yesterday, overnight lows rechallenged Monday's action and found recoveries with corn challenging five dollars today and soybeans back over $13.
Overnight reports that Russia was bombing the ports on the Danube River again, destroying about 1.5 million bushels of grain, created a rally that was sold into. Wheat futures went from $0.30 higher overnight to $0.20 lower into our day session.
It's the first day of the month, and wheat continued its end of the month declines while soybeans found stability on crop ratings that will need marked improvement in the coming weeks to justify the substantial price decline.
Weather models flipped from late last week into the weekend projecting normal rains and temperatures for August, which is advantageous for crop that is still rated low.
Intraday, corn, and wheat traded higher in the day as bombs were thrown into the Russian wheat production area by Ukraine but missed key infrastructure. The market softened, thinking that everything is fine, but the weekend could bring new surprises.
Wheat futures are struggling with further news after yesterday's EU announcement which may be difficult to move large quantities of grain, but today Pres. Putin said he will be giving grain to seven African nations to avoid starvation.
In today's story, the EU is offering up $1.5 billion to help fix their infrastructure which may take quite some time, but also try to help them get passage to the Baltics.
The kink in the gears here could be as Putin decides to blow up roads and railroads in Ukraine.
It was inevitable after sharp gains on Monday with no follow-through in the evening session that something would occur, retreating from some spectacular gains that have been experienced in the last 10 calendar days.
Weather models holding out hope for some rain and cooler weather after August 1 along with Argentina trying to prompt farmers to part with their corn put pressure on the grains today.
India is the largest exporter of rice in the world, constituting 42% of the world's trade. Their crop troubles in banning rice means other countries will have to look for race elsewhere or replace it with wheat.
Along with the weather creating the rally in grain prices, Russia stepped into the news again, and we explain.
The safe grain corridor is closed, and bombing on the Crimean bridge did not help matters. Yet prices went from sharply higher overnight to lower.
Corn has rallied $0.30 since Wednesday's crop report closing well over five dollars on a Friday and we explain why.
Grain futures are on the rebound with corn also gaining double-digit prices as value seems to be found in the short term after yesterday's bearish WASDE crop report.
Soybeans jump over $0.20 higher in the night session as crop ratings did not show the improvements Monday afternoon many were hoping for.
China stopped the decline in soybeans when its lows went on Friday, is a step in, and bought 10-14 cargoes of soybeans over the weekend and today. This has thrown support in the corn trade with December dancing with the $5.00 mark.
Rains showing up for the driest southern Minnesota and Northern Iowa area picked up good rain potential in the 6-10 day forecast. This caused soybeans to close lower on the week with corn giving up all its gains in wheat retreating sharply as well.
Crop losses in Russia along with revelation that the spring wheat crop is not improving, pushed wheat futures $0.50 higher on the session.
Follow-through buying in the Sunday night/Monday session had seen spot July soybeans and delivery trade up to $16 before retreating $0.30 as deferred soybean contracts also large overnight gains from last Friday's bullish USDA crop report.
It's been a long time since you saw soybeans sharply higher while the corn market went sharply lower.
Today we break down the Midwest weather and in Midwest along with expectations for Friday's crop report.
Yesterday's crop ratings were as bad as 2012, but that's about as bad as it gets, as rains this past weekend north of I 80, with the rest of the dry Midwest likely receiving an inch of rain this weekend and more for next week. This had corn down over $0.30 at one time today while soybeans and wheat lost near $0.40.
Overnight wheat had seen large gains that were erased throughout the session, as the threat of civil war was a misunderstanding. We report.
We recap the week, discussing the movements that have occurred in the magnitude they have going in the next week.
Not very often do you see limit down grain and limit up on others. We will discuss this.
Is more to it than just weather today, and we explain why grain prices had seen soybeans drop $0.40 from their Monday night high.
The grain trade fully lower today, as the waterline slowly moves East from Nebraska into some of the drier areas.
Today's grain trade has further weather concerns pushing corn higher, but reversals occurred as the market became overbought. We will continue to have poor exports in the future, which is similar to what has been going on over the past two months. Corn is $4.60 out of Brazil, and the US will be selling much.
Wheat and soybeans are not holding any gains on the session, while corn pushes double digits higher.
In today's market talk, we discussed how the USDA came up with increasing yields around the world and put a surprising world carryout number much higher than that even the highest gas had planned for.
Grain prices broke hard last night on improving the euro weather model for rain next week, while the GFS this morning started reducing rains for next week, and so up we go.
An extremely chaotic day today while the wheat market continues to crumble despite crop concerns and Australia and Russia, while rains put pressure on new crop corn and soybeans. Old crop soybeans had a different outlook for the day, which included strength.
Yes, there was a dam in Ukraine that gave way, but that didn't destroy any production of wheat in Ukraine. It's the threat of possible nuclear reactor issues which could threaten the crop, but we debunked that along with discussing the crop ratings and whether.
Russia is suggesting there'll be no grain corridor after mid-July, but does it they'll be no grain corridor after mid-July, but does it really matter as wheat continues to move from Russia at extremely depressed levels. Weather forecasts today show hope for rain in the Midwest around June 17.
The grain trade was knuckled lower to start the week on prospects of rain for June 12 through the 15th and dry central Illinois and eastern Iowa area, and the forecast since Wednesday has been pulling that rain to the West, which has excited the markets to new highs today over last week's highs for corn and soybeans.
Fundamental data does not carry much strength anymore as weather markets that are focused on Iowa and Illinois create the action.
After tumbling again sharply lower overnight when China released its PMI that was negative, crude oil tumbled over to have dollars a barrel, dragging grains into the 27 lower mark for soybeans and wheat along with corn down some $0.15 before buying save the day.
Grain futures are sharply higher today except for Kansas City wheat, as weather concern for the Midwest come front and center.
It was a topsy-turvy day with wheat arresting the decline that got underway last week stalling Kansas City at 8.00, while Chicago stopped at 6. 00 and short covering and sued. Meanwhile, spot corn is a strong market and we explain why.
It's been quite the day, but the big story is Kansas City wheat heading right back to the lows made early in the week after a $0.40 bounce this week. We break it down.
There is a void in grain movement out of the Black Sea region after it had taken quite some time to get the corridor back online, this is creating an opportunity for some sales of French milling wheat, allowing a bounce for wheat, along with corn confirming the recent EPA ruling that the been no electrical RINs to compete. Soybean struggling is avian bird flu is a problem in Brazil, meaning they'll have more soybean meal for sale.
News from the EPA over the weekend help push corn and beans higher, reversing earlier wheat losses overnight, as more wheat is coming into Florida from Poland.
Looks like another spring top in place for grains, with wheat peaking seasonally no later than mid-May for the year and already imploded Kansas City wheat $0.90 in three days from the highs.
Poor exports this morning had spot corn and soybeans under pressure again for the downtrend on the week while new crop corn and soybeans tried to catch a bid but nothing exciting for recovery.
The markets collapsed again today, with December corn trading below five dollars while November beans also trade under $12.
The poor crush data yesterday, and soybean oil prices breaking below $0.50 on a stocks build had crude oil leaving the grain complex lower today
Grain futures pushed higher after new crop corn and soybeans pressed new calendar year lows overnight.
Confusion over the safe grain corridor being shuttered on May 18 continues, as negotiations are still taking place in the background, with some saying Russia's playing hardball to get what they want. New crop grains for corn and soybeans pulled prices lower after early morning sharp rallies.
EPA came out with the news to help send grain futures higher after dropping all week to lower fuel costs during the major driving. They will allow 15% ethanol which will use an extra 45-75 Mil Bu of old crop corn depending on the effects of the recession that constantly is being forecasted.
China is at it again, canceling another 327,000 MTs of corn purchased back in March. This brings total purchases year to date of just over 2 million metric tons bought in March, now that canceled 40% of those in lieu of waiting for cheaper beans out of Brazil in July.
Canada's wheat acreage jumped 1.3 million acres over last year and 600,000 acres more than their estimates for this morning, putting heavy pressure to the downside on spring wheat which drug the rest of the wheat contracts lower. Of course, as wheat went lower, it puts downward pressure to corn, keeping selling across the grain complex today.
Prospects of 2-3 inches of rain across the HRW Western wheat belt has sent wheat prices for new crop down $0.90 from last week's Monday high. Corn is stabilizing after hearing of yesterday's cancellations from China and cheap Brazilian offers for July forward.
The corn market was rocked today again after already stumbling last week heavily with soybeans and wheat on news that China's doing some canceling.
Whether it helps the wheat market or not for production improvement of Western Kansas, the prospects of the best rain since the summer of 2022 broke the wheat market today.
The Eastern European countries of Poland/Hungary/Romania are working out a deal that keeps grain moving from Ukraine into Europe, put pressure on wheat today despite cold temperatures anticipated this weekend.
On Saturday, Poland, Hungary, and a list of other Eastern European countries are tired of their depressed grain prices because of Ukrainian grain being dumped on their rail process, which has brought grain from Ukraine but has to transfer onto different tracks in their country. This helped lift grain prices stay as Russia continues to threaten the end of the Safe Grain Corridor.
Wheat prices moved higher today, but besides the drought in Kansas, there concern is that grain prices may halt out of Ukraine in mid-May.
Grain futures are sharply lower today with soybeans and corn giving up a substantial amount since Monday and wheat prices also gave up early strength on the prospects of rain. Let's talk about.
The new month has brought in nothing but selling since the phenomenal price lift that was experienced the last week of March. We break it down.
Biofuel products help support the grain trade overnight as OPEC moves to/production. Cash corn touching seven dollars in central Illinois in the morning session with a positive $0.33 basis put corn and wheat into profit-taking mode.
Tomorrow is the big USDA Stocks and Acreage report, and with wide ranges of guesses, the fireworks are going to fly, especially with the Northern Plains questionable that they'll ever get their acres planted as it will be reported tomorrow.
Wheat prices are seen. Kansas City wheat spiked $9.00 a bushel today before retreating $0.30 on news that Cargill is leaving Russian grain exports. A Russian entity will quickly step in and take over the business utilizing its operations.
As the world seems better today than last two weeks, commodities rallied while gold and silver collapsed as everybody feels comfortable currently. Crop report at end of the week.
Soybeans tumbled another 30+ cents today as rumors came in of potential imports of Brazilian beans into the southeastern part of the US, it's an annual event that is usually used to break the market. As we discussed, the beans don't blend well in US crusher machines.
Confusion reigns over the extension of the corridor, but ships are still moving as of today. French milling wheat makes a new annual low.
Wheat futures are finding strength as Russia is standing its ground on the 60-day extension of the grain corridor, we update why that is, along with reporting on China's corn buying antics.
For the third day, China purchased corn and Russia is keeping the Safe Grain Corridor door under the suspense of extension.
The two-way street today with corn and wheat finding buying interest and soybeans deal with liquidation from heavy index fund ownership.
Russia is blocking the 120 Day corridor and they say it's going to be 60 days plus China stepped in to buy some corn.
Today's grain trade found unwinding of fund positions as index funds want to lighten their trade. Since they were short wheat, the wheat market tried to rally today on their liquidation, while soybeans experienced selling as funds liquidated their longs.
Today's grain trade found soybeans trading back over $15, as the recent collapse has likely spurred Chinese interest in soybeans. Tomorrow's USDA sales will be watched closely at 8 AM to see if this has occurred. Also, there are concerns building that Putin will not move forward with extending the safe Grain corridor to recent attacks into the country of Russia on some villages from one the claim came from Ukrainian commandos.
Today we discuss how the grain liquidation continues in earnest with soybeans also losing their bids.
Believe it or not, wheat is cheaper now than when Russia invaded Ukraine a year ago today, as the concerned increased fighting has not materialized, while at the same time, the Black Sea grain corridor continues to deliver grain. Now China has stepped in to support it and give its influence to Russia.
A mild frost hit a small area of Córdoba on Saturday, creating a lift in beans today, but no new highs are being experienced as the Brazilian harvest is fully underway, and traders are off for Fat Tuesday in Brazil. They'll be back on Wednesday.
Export sales were poor for soybeans and wheat, while so so for corn this morning, making many worry that next week's export numbers will be lower as well. Steep discount for Brazilian beans is keeping our grain trade at be.
Corn, soybeans and wheat are all under heavy selling pressure today, and harvested crop in Brazil is creating a problem.
Mexico yesterday afternoon did agree they will take GMO corn in 2024, but it will only be for feed usage along with industrial needs. They will still go with non-GMO corn for human consumption. Soybeans are struggling despite a weather forecast that still shows warm dry weather. Brazilian beans are now trading at a dollar a bushel under US beans, which will be bringing our export pace to a screeching halt.
Soybeans and wheat made new calendar year highs today, while corn tried to challenge the January highs, yet overall selling has erased gains.
Grain futures stumbled today as typical for after the USDA crop report, but soybeans still have a tug-of-war with soybean meal sharply higher while soybean oil is sharply lower.
Today we sort through the numbers that the USDA released in their February crop report.
Canada put out its crop report this morning and the USDA is set for Wednesday, and we update the numbers.
The Chinese spy balloon being shot down created some export concerns for the grain trade this morning, plus better rains are showing up for Argentina again this weekend. We update inside today's Heartland Mkt. Talk.
The start of a new month and it seems like you can change trends right at the beginning of a month and we discussed that in today's Heartland Market talk.
Wheat had seen further buying again today after weakness overnight when the US dollar pressed above 102. The Federal Reserve is meeting and interest rates will be hiked on Wednesday. Corn challenged the highs of the year and failed miserably, while soybeans are still holding up.
Despite good rains over the weekend, soybeans are heading higher and we talk about why in today's podcast.
Grain prices are mixed for corn and wheat today, with soybeans finding new selling as rains are starting to arrive in key areas of Argentina.
Wheat futures exploded today, on follow-through short covering that got underway after making new lows for the year on Monday. The USDA ag official in Europe, speaking at the European grain conference, stated that it's unlikely Russia produced the 100 MMT wheat crop they are forecasting, as USDA says at best they could have 92 MMTs. This is a 300 million bushel discrepancy that has wheat prices lifting with such a heavy index fund short position on.
Grain futures mounted the classic turnaround Tuesday overnight, with corn and wheat holding gains as the wheat market is technically finding short covering from a large fund position. After making new lows for the year yesterday and Chicago wheat, index funds are lighting up on their position, which means they have to buy in order to get rid of their short. Soybeans turned lower after rallying higher by $0.16 on the session and are now dealing with more rain coming from Argentina setting up the prospects of further price erosion.
Some of the driest areas in the world under crop production experienced some very beneficial rains over the weekend. We will update you in today's Heartland Market Talk.
Rains that seem almost assured are ready to start in Argentina this evening into the weekend, bringing up to 2 inches of moisture for the heart of the soybean and corn growing region. This had soybeans toda,y making new lows for the week.
Grain futures tumbled hard today after making new highs in the overnight session, we discussed what pulled the plug on the rally.
A lot of bearish news was cast out the door in the grain trade rally on a comment from Pres. Putin and retail about it.
Grain futures are finding strength today and metals and oil work higher on the weak US dollar. Weather will dominant Tuesday as we will explain.
Soybeans, corn and Kansas City wheat all throw in double-digit gains today. We explain what happened from the USDA crop report today.
Wheat prices yesterday not only tumbled to a new low for the year but took out the December lows, getting exceedingly oversold ahead of the USDA crop report. Buying showed up today on short covering ahead of the data, along with soybeans taking another run at 15.00 but failing to overcome for today.
Wheat and soybeans had wide-ranging valuations today, with corn popping over $0.10 at one time. In today's Heartland Market Talk, we discuss what created the craziness.
After a three-day beating, soybeans reverse multi-day losses and try to recapture half of the losses created since the December 30 high. Wheat in Kansas City made another new low for the year today and stayed near those lows on the close.
Today marks three days of heavy sawing across the board before wheat and corn found a bid by midmorning. In today's Market Talk, we break out what has brought the selling on, along with soybeans' ability to drop over $0.70 since last Friday's high was scored.
Grain futures tumbled today despite forecasts for continuing crop reduction drought in Argentina. We break down why prices broke out to the downside.
After catching a ride along with corn and soybeans, the upside over the past few weeks, wheat is dealing with the reality that Russia owns the wheat market. The very warm December in the Black Sea area has allowed Russia to go from 2.5 MMTs of export expectations to now exporting 4.5 MMTs wheat enema December. This is keeping the US at bay for exports. In the meantime, soybeans are retesting early week highs, as we await the weekend forecast to manifest. Expectations are for some rain in Argentina on Sunday and Monday.
Wheat futures struggled all day today as Russia this morning announced their wheat stocks were 35% higher than last year, surprising the trade. It appears Russia will continue to undersell the marketplace. Wheat rallies mostly hinge now on any damage that might ever occur to any of the three ports that are trying to export grain. Soybeans turned higher from a lower night session as rains entered Western Argentina. But the GFS weather models this morning stayed with a hot, dry pattern through Christmas.
The wheat market was higher but not before dropping $0.20 during the day off its highs and then came charging back. Markets have thin holiday trade while the soybean market starts to worry about spelling rain in Argentina's future.
Soybeans can't shake the concerns of the dry trend in Argentina while Brazil continues to have optimum weather. This is helped soybeans recover back to potential best close of the fall rally.
Soybeans experienced a strong recovery today of almost $0.30 at one point, as weather bottles turned back hot and dry for Argentina, while corn and wheat seem to of lost their luster on the Odessa Port export shortfalls which appear temporary
Russia knocking out electricity for the Odessa Port has the wheat market sharply higher today, while soybeans moved sharply lower on rains in Argentina. We will update you in the Heartland Market Talk podcast today.
In today's Market Talk, we discuss the USDA data released and how the numbers were mostly near expectations. We also talked about how the weather is developing in South America for the weekend.
Today we explain why we had experienced another sharp move on the upside in soybeans but this time wheat joined the party.
Not only did wheat futures make new lows for the year, soybean futures put in a sharp rally to come within six pennies of last week's highs. Markets are extreme, and we will break them down.
Why did wheat implode again today, we give the answers in today's Heartland Market Talk.
In today's market talk, we discussed what took soybeans off their highs made on Wednesday and put them back to where they started Sunday night.
Today's grain trade was mixed with a sharp rally in wheat and soybeans while corn pressed lower.
In today's market talk, we discuss what pressed the grain prices to the highs of November before faltering late in the session.
Grain futures had seen wild swings today, with soybeans having a nearly $0.40 trading range as reversed from its lows overnight, while wheat futures tumbled as much as $0.25 today. Here's the inside story.
A shortened-day trade between Thanksgiving and the weekend does not have many players. Big swings are being experienced in the trade.
A lot of volatility went through the grain trade today and we will discuss that in today's podcast.
In today's Heartland Market Talk we discussed why grain futures rolled over giving up gains while crude oil continues to advance over two dollars a barrel today.
Crude oil plummeted five dollars a barrel today, dragging the grains lower with it just reversed back to unchanged in the podcast session on stories we will divulge.
Grain futures tried the second day of rallying which continued through the night session, but a drop in crude oil that we will discuss in today's podcast trimmed the gains.
Grain futures traded sharply lower in the early morning hours, as it was announced that the safe grain corridor would be auto-renewed. But as the day progressed, the sell the rumor by the fact scenario came into play and grain futures have seen a start recovery from overnight losses.
Today we discussed why soybeans tumbled so hard and drop over $0.30 to near last week's lows.
This morning grain prices tumbled on the prospects of the safe grain corridor going through on September 19 by a story out a Bloomberg. By noon today, grain prices exploded, with wheat rallying $0.40 off of morning lows on a story that Russian missiles hit a city in Poland, killing two people near the border of Ukraine. This puts into question if the corridor continues or not. Russia has some explaining to do.
Wheat futures lifted substantially today on a rocky wheat tender for US HRW wheat, but prices quickly gave up over half the gains when and the supply amount was only 200,000 MTs. Meanwhile, soybeans press lower as beneficial rains are supporting a big Brazilian crop.
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 today, which are now experiencing harvest pressure selling and fading throughout the session.
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 pushed higher on the Ukrainian vote that was not surprisingly 99% in favor of Ukraine joining Russia on the Eastern Russian control areas.
In today's Heartland Market Talk we discuss how the US dollar bolted to the highest valuation since May 2002 at 114.44, putting downward pressure on all commodities and stock indexes. The market is definitely fearing a hard landing for a recession, with reduced exports due to our explosive dollar which makes it very expensive for foreigners to buy our grains.
In today's Heartland Market Talk, we discussed how the US dollar bolts again to new highs up over a percent today prices we haven't seen since 2001 which is putting downward pressure on are already dismal exports.
In today's Heartland Market Talk, we discussed Putin's new initiative for Ukraine and the effects on the grain markets. We also discussed the potential endgame that he has in place and how it affects grains.
In today's Heartland Market Talk, we discussed Putin's new initiative for Ukraine and the effects on the grain markets. We also discussed the potential endgame that he has in place and how it affects grains.
In today's Heartland Market Talk, we reviewed the conditions that triggered a strong rally in soybeans, wheat, and corn today along with the other host of commodities that are finally recovering on the week.
With over 10% of China in hard lockdown as of overnight and the US dollar bolting to 20-year highs, the grain trade is incomplete collapse, with soybeans back under $14.00 and corn tumbling as much as $0.30 from Monday's post-Pro Farmer tour high.
In today's Heartland Market Talk, we discuss how corn and soybeans are still lower since Monday's highs, while the wheat market is back testing the best levels of the summer recovery.
Grain futures are in quick retreat after Monday's sharp rally, with wheat and corn giving back half the gains from Monday. Soybeans are lower again for the second day in a row but found buying interest on exports to alleviate some of their second-day losses.
In today's Heartland Market Talk, we discussed why corn and wheat went sharply higher while the soybean market went just as much in the opposite direction.
In today's Heartland Market Talk, we discussed the Pro Farmer crop tour results coming out after the close, along with what the Federal Reserve said at their Jackson Hole summit today.
Today's heartland market talk discussed what carried grain prices into a high this morning and then sharply reversing lower during the day. We highlight several essential points about grain pricing this week after a $0.50 gain in corn and a one-dollar lift in soybeans.
In today's Heartland Market Talk, we discussed not only the crop tour that Pro Farmer is doing in the Western corn belt and Ohio but how the crop ratings yesterday afternoon surprised the trade and created significant gains that carried from the overnight session in the day trade.
In today's Heartland Market Talk, we discussed the wheat rally coming from extreme oversold conditions and the Ukrainian wheat flows that are taking the bloom off the wheat market. Also we discuss the expectations for the upcoming cattle on feed report.
In today's Heartland Market Talk, we discussed what caused the big spill in the wheat market over the last two sessions, sending Chicago wheat to new lows for the calendar year.
In today's Heartland Market Talk, we discussed how in the overnight trade not only did India leave its wheat crop as large as the past month but added a few hundred thousand metric tons. This is the opposite of what private analysts suggest: the crop is at least 10 MMTs lower near 95 MMTs.
In today's Heartland Market Talk, we discussed the elements that are continuing to drive grain prices lower again today. As we said before, selling. typically intensifies the day after USDA crop report weather is bullish or bearish and some days it'll run consecutively for selling. We also discuss crude oil and what is sending that sharply lower.
In today's Heartland Market Talk, we reviewed the conditions that triggered grain futures to sharp losses overnight, with soybeans at one time lower by near $0.70 down on the day.
In today's Heartland Market Talk, review the data that came off the USDA today and how it's been affecting prices.
In today's Heartland market talk, we discussed the ramifications of the USDA potentially coming up with a friendly crop report on Friday, and whether is also reverting back to the negative for the W corn belt.
In today's Heartland Market Talk, we discussed the CPI which came out this morning and it was slightly friendly had a big effect on the marketplace US dollar dropped well over 1% sending every commodity under the sun into upside price motion.