First Thing Today
This morning report highlights the overnight trading session and key domestic and global developments impacting markets.
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
Grain futures edge higher in pre-report activity.
Choppy trading seen overnight as dollar, oil futures and bond yields rise.
Corn, wheat futures lower as soybeans cling to overnight gains as traders position for Friday’s Crop Production and WASDE reports.
Wet September leaves harvest behind historic pace but October weather looks favorable
Markets defy stronger dollar as bargain hunters emerge after last week’s pullback
Oil, diesel futures pull back on reports Europe considering release of emergency stocks
Better weather on the way for western Corn Belt in October, says World Weather