“Buy the rumor, sell the fact,” appears to be the case this morning in grain and soybean futures markets after Crimeans voted Sunday to secede from Ukraine and join Russia.  After building in risk premium last week on the prospect of the vote, the market appears to be taking it out now that the vote … Read More

Grain and soybean futures prices are mostly lower overnight, led by soybeans as reports of import cancellations mount and as worries about the world’s number two economy rise.\r\n   Live cattle and feeder cattle are higher.\r\n   China’s economic momentum has slowed, and several banks are cutting their Gross Domestic Product forecasts for the country … Read More

Grain and soybean futures prices are mostly higher in overnight trading, led by wheat, which is catching a short-covering bid as funds realign their positions amid thin news and rising worries about US dryness.\r\n   The crisis in Ukraine continues to give traders jitters, even though grain shipments to and through the ports remains unaffected.\r\n … Read More

Commodity and stock markets are unsettled this morning amid fears the Chinese economy is softening and nagging thoughts Ukraine’s grain production this year could be trimmed by political unrest.\r\n   Corn, which regained some of its recent losses on Tuesday, is losing ground in overnight trading, CBOT wheat is narrowly mixed but mostly lower, soybeans … Read More

Monday’s USDA World Agricultural Supply and Demand Estimates report held few surprises for traders, and many moved quickly to other issues like world events and economic progress.\r\n   Corn prices continued to fall as fundamental traders with long positions exited ahead of the March Stocks and Seedings report March 31, and technical traders responded to … Read More

Uncertainty ahead of today’s USDA World Agricultural Supply and Demand Estimates report is pressuring most grain and soybean futures in overnight trading and could take cattle futures lower as well.\r\n   As of 7:45 AM CT, March corn was down 4 ¼ cents a bushel to $4.76 3/4.  CBOT Wheat was mixed with March up … Read More

Live cattle futures are lower in overnight trading, extending Wednesday’s steep losses in a reversal day that saw the April contract gap higher to a new contract high before dropping below the daily ranges of the previous five sessions combined.\r\n   A gap on daily charts that was opened on Feb. 26 halted Wednesday’s slide. … Read More