Home » Technical trading, short-covering and a weaker dollar, oh my Photo: Sosland Publishing Co. Recap for April 3 Wheat futures launched a rebound Wednesday after sliding lower since the new week, month and quarter began. Lifting wheat was a round of short covering, technical trading, a weakening dollar and geopolitical news after Russia halted … Read more
Home » Wheat in best shape since ’19 weighs on prices Source: Sosland Publishing Co. Recap for April 2 US wheat futures continued lower Tuesday, a day after the USDA said winter wheat was in the best early spring shape since 2019. Beneficial rains in the forecast for the dry southern Plains added pressure as … Read more
Home » Lower corn planting intentions send futures higher Photo: Sosland Publishing Co. Recap for March 28 Corn futures Thursday posted their largest one-day rally since July after the USDA estimated March 1 corn stocks and projected 2024 corn plantings below trade estimates. Winter wheat futures followed corn higher even as all-wheat stocks and plantings … Read more
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Home » Wheat, corn, soy down on pre-report positioning Source: Sosland Publishing Co. Recap for March 26 Technical trading took wheat futures lower Tuesday, two days before US Department of Agriculture reports will offer updates on supply, demand, stocks and planting intentions. Pressuring wheat was a stronger dollar, large Russian supplies and fading demand from … Read more
Home » S&P 500 sets a fresh record despite hotter-than-expected CPI Source: Sosland Publishing Co. Recap for March 12 Despite data indicating the latest CPI numbers were hotter-than-expected, major US equity indexes closed higher Tuesday with the S&P 500 notching its 17th record high of 2024. While the latest inflation reading was higher than expected, … Read more
Home » Wheat futures advance despite third Chinese cancellation Source: Sosland Publishing Co. Recap for March 11 A significant round of technical positioning and bargain buying helped push wheat futures higher Monday despite pressures from a third cancellation of US soft red winter wheat sales by China, bringing the total voided sum to 504,000 tonnes, … Read more
Please indulge me in some taxi-driver reporting (or, in this case, ride-share driver reporting): A few months ago, travelling in a city cheaper than New York, my driver told me that he and his wife had a weekly date night. It was nothing fancy – a sit-down restaurant for a burger and a beer – … Read more
Home » Corn, soybeans, wheat dip ahead of WASDE Source: Sosland Publishing Co. Recap for March 5 Corn, soybean and wheat futures could not sustain overnight bargain-buying rises and dropped lower Tuesday. Corn and soybeans hovered near three-year lows ahead of Friday’s updated supply and demand numbers from the US Department of Agriculture. Soybeans were … Read more
The U.S. economy continues to grow, weathering increasing reluctance among consumers to pay higher prices and businesses remaining “generally positive” about future demand amid expectations of lower interest rates. That is the picture painted by the Federal Reserve’s latest “beige book” – an informal summary of economic conditions around the country – released on Wednesday. … Read more
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Home » Corn, soybeans, higher on short covering Source: Sosland Publishing Co. Recap for February 26 Corn and soybeans pulled higher in short-covering Monday after earlier dropping to three-year lows. Wheat futures closed higher as traders adjusted positions ahead of Thursday’s first notice day for March deliveries and with spillover support from corn and soybeans. … Read more