Big weekly increase in cash wheat prices.
Corn futures traded lower throughout the overnight session, while soybeans and wheat rebounded from initial losses.
Recessionary fears are building, which triggered heavy long liquidation in commodities last week.
USDA's Cold Storage Report signaled demand is not keeping pace with supplies amid near-record retail prices.
Cash wheat prices plunge.
Mounting recessionary concerns triggered heavy liquidation pressure in the grain and soy markets overnight.
But he acknowledged that a recession was 'certainly a possibility' given the global situation. Recessionary fears are building with economists.
Soybean basis continues its recent decline.
Wheat was supported by corrective buying overnight though futures are well off the highs this morning. Soybeans faced active followthrough selling, while corn was modestly lower.
The CCI ratings for all three crops are above the respective five-year averages for the date.
Inspections fell from the previous week for corn, soybeans and wheat.
Grain and soy complex futures are under solid pressure coming out of the holiday weekend, led lower by sharp losses in soyoil.
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Corn and soybean futures saw active followthrough buying overnight after strong gains Thursday, while the wheat market was quiet in two-sided trade.
Monthly survey finds negative impact from raging input costs, high expectations of recession.
Cash corn prices continue to rise.
Heat isn't expected to build in the central and northern Corn Belt until after corn pollination.
Corn sales were a marketing-year low for 2021-22 and light for 2022-23, too.
Corn futures mildly built on Wednesday’s gains overnight, while soybeans and wheat traded mixed.
Corn basis continues to firm. The national average cash price is now just shy of $8.
Today's 75-basis-point increase to interest rates signals the Fed has grown increasingly concerned with inflation, though it is still playing catchup.
Soybeans are expected to trade higher, while corn and wheat are called lower this morning.
Soybeans rebounded some from Monday’s sharp losses, while corn and wheat traded lower overnight but held above yesterday’s lows.
Initial spring wheat CCI rating is a little below average.
Soybean inspections running stronger than normal during this time of year.
Short-term trend turns bullish for corn.
Soybean futures extended last Friday’s price pressure overnight, while corn and wheat favored the upside amid two-sided trade.
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As expected, USDA made just minor modifications to its forecasts this month.
Corn, soybean and winter wheat futures faced mild price pressure overnight as traders awaited USDA’s reports later this morning.
Cash corn prices nearing $8; cash soybean prices closing in on $18.
Cumulative old- and new-crop corn export sales totaled only 353,900 MT.
Corn and soybean futures pulled back overnight from strong gains earlier this week. Wheat also traded lower.
Corn basis firmed along with a rally in futures. Soybean basis declined as futures rallied.
USDA is expected to fine tune its U.S. and global old- and new-crop balance sheets in Friday’s Supply & Demand Report.
Soybean futures scored new contract highs amid strong followthrough buying overnight. Corn and wheat futures also firmed.
The World Bank slashed its global economic growth for 2022 to 2.9% from 5.7% last year as the war has compounded pandemic-induced damage.
The wheat market gave back a small portion of Monday’s strong gains overnight, while corn and soybeans traded mixed.
USDA's corn ratings are 75% or higher "good" to "excellent" in four of the top five producing states.
Soybean inspections fell shy of expectations
Short-term trends for corn and wheat turn bearish.
Grain and soy futures rallied sharply overnight amid renewed global supply concerns, led by the wheat market.
Area reports show strong gains in farmland values over FNC service are
Corn-based ethanol mandate was unchanged for 2020, slightly increased for 2021 and unchanged for 2022 versus the proposed levels.
Strong week for cotton export sales and shipments.
Two-sided trade was seen in grain and soy futures overnight, but markets are softening this morning, led lower by soybeans and soyoil.
Our updated monthly and quarterly price forecasts.
Corn and wheat futures posted corrective gains overnight after sharp losses Wednesday, while soybeans built on yesterday’s gains.
Fed banks highlight economic conditions, including for the ag sector.
Soybean basis remains well above average.
