Morning Calls & Comments (1.11.23)

grain calls
grain calls
(Commodity Update)

Corn: 1 to 3 cents higher.

Soybeans: 8 to 12 cents higher.

Wheat: Steady 2 cents higher.

Cattle: Choppy/higher.

Hogs: Choppy/lower.

Soybean futures finished the overnight session on the high, while soymeal and soyoil also firmed. Corn followed the soy complex higher, while wheat was mixed overnight. We expect a firmer tone at the start of daytime trade, with support from outside markets. Crude oil futures have moved to strong gains and the U.S. dollar index has given back most of its overnight strength. With much of traders’ attention on positioning ahead of Thursday’s barrage of USDA reports that include the Annual Production Summary, Supply & Demand Report, Winter Wheat Seedings and Quarterly Grain Stocks Report, some corrective selling could surface if early buyer interest is limited. 


Latest News

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Grains Start Higher on Weather Concerns in Argentina and HRW Areas, Then Corn Fails: Cattle Higher with $1 Better Southern Cash Friday

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Today's Market Recap (1.20.23)

Market recaps for corn, soybeans, wheat, cattle & hogs.

Improving Argentine Weather Forecasts Weigh on Grain, Soy

Forecasts of improving weather in Argentina over the next two weeks weighed on the grain and soy complex.

Corn, Soybeans & Wheat Prices Fall; Cattle Mixed

Today's closing prices and market recaps.

Morning Calls & Comments (1.13.23)

Soybeans faced light profit-taking pressure at the end of the overnight session, which is likely to spill over into the start of daytime trade.