First Thing Today
This morning report highlights the overnight trading session and key domestic and global developments impacting markets.
October jobs data on deck; traders position for next week’s USDA data
Wheat gains ground after cut to Russia export forecast
Corn, soybeans extend declines; dollar weakens and Treasury yields fall as stock indexes reverse higher.
Grain futures mixed overnight; oil sees partial rebound after U.S. strikes Iran’s Qeshm Island.
China’s non-soybean ag purchases are at a seven-year low, report says.
Wheat futures look for follow-through on glimmers of China buying interest. Oil futures jump as reports point to U.S. preparations for renewed fighting with Iran.
Grains flat to lower ahead of weekly USDA export sales data
Grain and soybean futures tick higher in overnight bounce. This afternoon’s Federal Reserve decision — and remarks by Chairman Kevin Warsh — are the main event for global markets.
Some South America weather concerns begin to emerge, while U.S. dollar poised to strengthen ahead of this week’s Fed meeting.
Friendly Cattle on Feed Report shows 12% drop in placements
Cattle on Feed report expected to show another month of record low placements Friday afternoon
Corn, soybeans tick higher overnight while oil futures see renewed gains on fears of U.S.-Iran re-escalation
Harvest weather remains wide open across much of Midwest
Trump administration announces $8 billion in fuel-relief payments for farmers
Putin floats summit as Trump faces GOP backlash over Russia sanctions waivers
Traders pare rate-hike bets after Fed’s Warsh stays mum on next move
Dollar retreats from 18-month high as stocks wobble ahead of September PPI, remarks by Fed’s Warsh
Corn, wheat futures drift lower overnight on lack of fresh news; September CPI data on deck
Weekly export inspections and crop progress data due after Monday’s holiday
Corn futures stabilize overnight after USDA’s bearish crop production shock