SOYBEANS– Soybeans started to break lower in the overnight session after no major additional Chinese soybean purchases were announced. Secretary Bessent did say that soybeans “all taken care of,” however the market continued trading lower during today’s session. Today’s export report showed sales of 102k mt. Soybeans can continue to trade lower from here, especially if more acreage is added. …
Grain Spreads: Funds Long 900K Contracts in Sector
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 The soybean complex is about to hold its collective breath as Xi and Trump meet tonight/tomorrow for which Trump says that trade will be the main topic of discussion. There will be additional meetings tomorrow …
Wheat Closes Lower After Yesterday’s Rally
SOYBEANS– Soybeans were able to finish the day positive after trading 2 ¾ cents higher in the overnight session. Soybeans rallied following yesterday’s WASDE report that showed a reduction in ending stocks. The new crop ending stocks figure at 310 mb is using the 84.7 planted acreage number from the March Plantings report, so acreage will likely increase at least …
Pure Hedge – Livestock and Grain
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Grain Spreads: Limit Up Kc Wheat
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 The USDA surprised with today’s wheat report, as new-crop ending stocks fell significantly below expectations due to a much larger production cut than anticipated. USDA dumped a lot of data today, but the key numbers …
Wheat & Soybeans Rally Following the May WASDE Report
SOYBEANS– Soybeans had a bullish reaction to today’s crop report. July beans made a high at 1232 ¾ after the report came out, while November beans made a high at 1210. Old crop ending stocks were reduced from 350 mb last month to 340 mb. The average estimate for old crop ending stocks pre-report was 345 mb. New crop ending …
Hogs Bounce Back
For those interested I hold a weekly livestock webinar on Tuesdays, and my next webinar will be Tuesday, May 12, 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. …
The Grains Rally Ahead of the May WASDE
SOYBEANS– The market will be watching to see what the USDA does with acreage. Many are expecting to see an increase in bean acreage because farmer surveys were completed before the fighting in Iran kicked off, in addition to farmer switching because of the rally. A change to the acreage figure may not happen until June. If the USDA uses …
WRT World Agricultural Supply and Demand May 10
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Cattle Futures Weaken While Cash Prices Surge
For those interested I hold a weekly livestock webinar on Tuesdays. My next webinar will be Tuesday, May 12, 2026, at 3:15 pm. If you cannot attend live a recording will be sent to your email upon completion of the webinar. SIgn Up Now Cattle futures opened higher and rallied to their session highs during the first 15-minutes of the …