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USDA reports Thursday | Inflation reports Wed. & Thurs. | IMF forecasts Tuesday

After the Bell | October 6, 2023

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Turkish flagged ship hits mine, Argentina needs rain and the U.N. Global food price softens slightly...

Reference price increase debate | Gas prices tumble | Exxon seeking acquisition of Pioneer

Grains saw limited volatility overnight following Thursday’s surge, as corn, soybeans and wheat each traded on both sides of unchanged.

Corn, soybeans and wheat spent time on both sides of unchanged while holding in tight trading ranges overnight.

After the Bell | October 5, 2023 A wheat rally led the grain complex higher after a cargo ship reportedly hit a sea mine outside the entrance of the Sulina Canal, while corrective gains in meal futures lifted soybeans.

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Biden admin. building wall on southern border | USDA asked to survey Hawaii fire impacts

Corn and soybeans saw fresh selling overnight, while wheat saw limited corrective buying, though went into the break off session highs.

USDA reported weekly corn sales of 1.8 MMT during week ended Sept. 28, increasing export commitments to nearly 9% ahead of last year.

Corn and soybeans faced fresh selling pressure during overnight trade, while wheat firmed amid light corrective buying.

Semi-annual survey of land professionals finds flattening in Iowa land values.

Basis remains much weaker than normal for corn, soybeans and wheat amid weak demand and transportation woes.

Chip Flory welcomed Iowa Senator Joni Ernst to the AgriTalk platform on Tuesday October 3 and the Senator did not mince words...

After the Bell | October 4, 2023 The grain and soy complex ended mostly lower amid strong selling in crude oil and rumors Russia is willing to re-enter the Black Sea grain deal.

McCarthy voted out, vessels line up to load Ukrainian grain and rice supplies a growing concern...

House GOP chaos will slow work on appropriations, farm bill, other issues

Corn chopped around unchanged overnight while soybeans favored the upside though went into the break well off session highs. Wheat favored the downside as rumors circulated that Russia may rejoin the Black Sea grain deal

Soybean futures firmed amid corrective buying overnight, while wheat declined and corn chopped around unchanged.

After the Bell | October 3, 2023

Farmers’ sentiment for the second month in a row as attitudes toward current conditions and future expectations declined.

Crop watchers increase U.S. crop forecasts, exports from Ukraine decline in September and Malaysia will launch soyoil futures in 2024...

Small refiners challenge EPA's denial of RFS exemptions in ongoing court battle

Corn and soybeans favored the downside overnight, though wheat futures saw continued strength.

Corn and soybean futures failed to build on Monday’s gains and traded lower overnight, while wheat had a mixed tone.

Corn-for-ethanol use totaled 442.6 million bu. during August, according to USDA.

After the Bell | October 2, 2023 The grain complex saw short-covering efforts despite a surging U.S. dollar and crude oil weakness.

Weekly corn and soybean inspections are running 10.8% and 8.7% ahead of a year-ago, respectively. Meanwhile, wheat inspections are nearly 29% behind the same time last year.

Corn and wheat futures are higher with soybeans under light selling pressure. Cattle futures are higher with lean hogs under pressure...

Student loan payments | Nov. 17 next CR deadline | World Bank lowers China’s GDP for 2024

Corn and wheat saw corrective gains overnight, while soybeans saw followthrough selling.

Chart trends remained mostly unchanged from the previous week.

Corn and wheat futures traded higher on corrective buying overnight, while soybeans faced followthrough selling.

Gaetz plans vote to oust McCarthy after Speaker avoids shutdown

After the Bell | September 29, 2023 USDA's Quarterly Stocks Report extended early session selling, while a potential government shutdown heightened risk-off sentiment.

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Soybean stocks and wheat production came in higher than expected. Sept. 1 corn stocks were lower than anticipated.

USDA pegged Sept. 1 corn stocks at 1.361 billion bu., 68 million bu. lower than pre-report expectations and 16 million bu. lower than year-ago. Soybean stocks were above pre-report estimates by 26 mb.

Sen. Feinstein dies | UAW strike expansion | Miss. River | Ag disaster aid update

Corn and soybeans pivoted around unchanged for most of the night while wheat saw light corrective buying.

Corn, soybean and wheat futures held in tight price ranges in a lightly traded overnight session ahead of USDA’s reports later this morning.

Farrowing intentions suggest the expansion could be short-lived, but surging litter sizes could offset lower farrowings as they did during summer.

After the Bell | September 28, 2023 Corn futures led the grain complex higher, while meal strength pulled soybeans from early session lows.

Government shutdown looms, El Nino may reduce 2024 palm oil output and China's hog herd shrinks...

China makes continues purchases of soybeans, makes initial 2024-crop sorghum buy

Corn, soybeans and wheat each saw selling pressure overnight, with soybeans leading the way lower. Price action is likely to be partially forced by positioning ahead of Friday’s USDA Grain Stocks report.

USDA reported wheat sales in week ended Sept. 21 totaled 544,500 MT, which capped the top-end pre-report estimate by 45,000 MT. Meanwhile corn sales were mid-range; soybeans were nearer the low-end of expectations.

Corn and soybean futures pulled back from recent corrective gains, while wheat extended its price slide during overnight trade.