Soymeal I believe in meal long term due to 30-year lower harvests in the US Hard Red Winter Wheat belt and potentially EU due to heat and drought. The thinking is less wheat moving into feed rations, where meal is a cheaper alternative. I’m not looking for miracles here, just an eventual move in May 2027 meal from 310 to …
Cattle Markets Continue Break Down – Make New Low
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Wheat Trades on Higher on Friday
SOYBEANS– Soybeans finished the day higher after yesterday’s lower close. The charts for the grains look strong but that can change over the weekend with the weather. The corn belt is expected to see near normal rains in the 8-14 day forecast. Temperatures are expected to be near normal in eastern soybean areas and warmer west of the Mississippi …
Beans Fail to Move Higher on Thursday
SOYBEANS– Soybeans were unable to finish the day higher today. The grains may be overbought but soybeans are still above the 14 and 21 DMA’s. Weekly export sales were 188k mt for this year and 1.769 mmt for next year. China was the top buyer of US beans on today’s report, and another meeting with China is scheduled for …
Grain Spreads: Funds Building Long Position
Please join me for a free grain webinar every Thursday at 3pm Central. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary Wheat led the grains higher following escalated fighting in the Black Sea between Russia and Ukraine. This caused damaged to export terminals in Ukraine, further cutting into export ability. Ukraine is already reporting a 33% …
Wheat Bounces Hard on Wednesday
SOYBEANS– Soybeans were higher on the day today with meal, while bean oil reversed and closed higher. The latest reading has soybeans at 65% good/excellent, compared to 70% this time last year. Next week, weather is expected to cool down in major soybean areas. September ’26 Soybeans (ZSU26) settled at 1191.75 (+10.50), high of 1193.75, low of 1174.75. November …
Pure Hedge – Livestock and Grain
7/14/26 My normal writing schedule will be pushed back another week. There are trades below that were structured and sent out one week ago on 7/7. Take a look and tell me what you think. The Cattle Markets have continued to trade lower and my target level in the Feeders is 330, and it won’t take much to get there. …
Grain Spreads: Wheat Revival
Please join me for a free grain webinar every Thursday at 3pm Central for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Commentary The wheat market turned higher this morning and closed near the day’s highs with double digit gains. More headlines covering the ongoing conflict between Russia and Ukraine as speculation that …
Wheat Trades Higher on Tuesday
SOYBEANS– Soybeans were lower today after two days of higher trading. September beans may be running out of momentum being so extended from the major moving averages. Temperatures in the Midwest have warmed up again after the rain. Chinese soybean purchases were a record for the month of June at 13.55 mmt. September ’26 Soybeans (ZSU26) settled at 1180.50 …
Hogs Rally Early and Pulls Back
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, July 14, 2026, at 3:15 pm. It is free for anyone who wants to sign up and the link for sign up is below. It is free for anyone who wants to sign up and the link for sign up is below. …