Ahead of the Open
Ahead of the Open | September 10, 2021 Grain futures mixed overnight as trade awaits USDA Crop Production, Supply/Demand reports.
After the Bell | August 27, 2021 Corn, soybean futures seen lower on Midwest rainfall, but still higher on the week.
Ahead of the Open | August 26, 2021 Corn, soybeans lower after overnight Midwest rain, wheat export sales disappointing.
Ahead of the Open | August 25, 2021 Soy complex futures expected to open mostly lower after yesterday’s rally, SRW wheat near three-week low.
Ahead of the Open | August 24, 2021 Corn futures expected higher after USDA ratings decline, soybeans firm, wheat lower.
Ahead of the Open | August 23, 2021 Grain, soybean futures seen higher in technical bounce from last week’s slump.
The crop markets were mixed in overnight trading as the Pro Farmer Crop Tour wrapped up. Firming cash cattle prices suggest futures could rebound from Thursday, but hogs seem to be facing seasonal weakness.
The prospect of heavy rains over larger areas of the Corn Belt today depressed the crop markets overnight. Continued wholesale strength for beef and pork seemingly favor steady-firm livestock market openings.
Grain futures edged up in overnight trading, while soybeans continued the slide seen during Tuesday’s trading session. Surging beef prices seem likely to support cattle, while late pork losses bode ill for hogs.
The grain markets look set to open weakly today, but the daily announcement of more soybean sales should boost soybeans. Whether the livestock markets will build on Monday’s gains is questionable.
Soybeans and wheat are expected to lead corn higher to start the week. Last week’s slippage in fed cattle values seem likely to offset bullishness powered by soaring wholesale prices.