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Grain and soy futures are expected to open moderately to sharply higher on weather concerns and Black Sea tensions.

A combination of weather concerns and increased geopolitical uncertainty in the Black Sea region supported corn, soybeans and wheat overnight.

After the Bell | August 17, 2023

The extended weather forecast from the National Weather Service calls for “equal chances” for normal, above-normal and below-normal rainfall across the central U.S. during September.

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Soybeans are expected to modestly favor the upside, while corn and wheat are called lower this morning.

USDA reported 2023-24 soybean sales of 1.407 MMT, topping the pre-report range by over 100,000 MT.

Grain markets traded in relatively narrow ranges overnight as soybeans modestly firmed, while corn and wheat declined.

Average cash hog price falls below $100 for the first time in six weeks.

Corn and soybean basis is stronger than the respective three-year averages.

After the Bell | August 16, 2023

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Grain and soy markets are expected to open modestly firmer amid corrective buying.

Corn, soybeans and wheat regained a portion of Tuesday’s losses during overnight trade.

After the Bell | August 15, 2023

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Corn, soybeans and wheat are expected to open lower this morning after overnight price pressure.

Corn and soybeans traded lower overnight after USDA raised crop condition ratings more than anticipated Monday afternoon. Wheat faced followthrough selling amid a lack of supportive news.

The corn CCI is now above year-ago, while the soybean rating is virtually equal to last year at this time.

After the Bell | August 14, 2023

Weekly wheat inspections dropped by over 100,000 MT from the previous week and were over 90,000 MT short of the pre-report range. Meanwhile, corn and soybean inspections rose slightly from the previous week.

Soybeans are posting strong gains with corn and wheat under pressure. Cattle futures are modestly weaker with lean hogs choppy…

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Soybeans are expected to open firmer, while corn and wheat are called lower.

Short-term trend turns bearish for soymeal futures.

Soybeans recouped Friday’s losses during overnight trade. Corn and wheat failed to sustain early buyer interest overnight and are lower this morning.

Situation in Black Sea escalates due to Russia actions

After the Bell | August 11, 2023

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Markets had a muted response to the data aside from a big jump in cotton.

USDA cut corn yield by 2.4 bu. to 175.1, while soybean yield was lowered by 1.1 bu. to 50.9 bu. per acre. Soybean ending stocks were pegged at 245 million bu., less than the avg pre-report estimate, while corn was above.

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Light price action is expected in the grain and soy markets this morning ahead of USDA's August crop reports.

Corn, soybeans and wheat traded in relatively tight ranges during the overnight session as traders awaited USDA’s August crop reports later this morning.

Kansas City Federal Reserve Bank finds continuing strong demand for farmland despite declining profit margins.

Quarterly survey finds strong financial conditions in rural ag banks.

After the Bell | August 10, 2023

China braces for another typhoon, Biden seeks more aid for Ukraine and Rosario Grain Exchange expects an Argy crop recovery...

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Grain and soy markets are expected to open with a firmer tone amid corrective buying.

Weekly export sales data showed net new crop corn sales totaled 758,400 MT in week ended Aug 3, while new crop soybeans sales totaled nearly 1.1 MMT.

Soybean futures extended gains from the two previous days during overnight trade, while corn and wheat rebounded amid corrective buying.

The average cash cattle price firmed $1.89 to the second highest ever.

Basis firmed a little for both corn and soybeans over the past week.

After the Bell | August 9, 2023

Soybeans and corn are expected to trade higher, while wheat is likely to face slight price pressure.