Fooled by Acreage Estimates?
Grain markets ended last week mostly in the red, thanks to major selling on Friday, April 1, a day after the USDA’s quarterly stocks and Plant 2022 estimates, which surprised traders with way more soybeans, and fewer …
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Who has Wheat?
Grain markets found the green again last week, with 2022 new crop pricing leading the charge as traders are starting to focus on the potential of the upcoming growing season, instead of the last few weeks of the current …
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Trade Risk and Weather Weighs on Wheat
Grain futures didn’t see much luck of the Irish as trading through St. Patrick’s Day continued to see profit-taking amidst rains in the forecast for the Southern Plains and ongoing peace talks in Ukraine. Also this p…
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Wheat Diverges with Profit-Taking
Wheat markets diverged from the rest of the complex as, after two weeks of going limit up on a near-daily basis, liquidity at these extremely high levels became a concern and so some traders took their profits and headed…
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Wheat Prices Likely Not Done Testing New Limits
Grain markets continued their aggressive push higher last week, led by wheat, which saw limit up moves in multiple trading sessions. Quite literally, the Chicago SRW wheat May 2022 contract was limit up Tuesday through F…
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Russia Invaded Ukraine; What Happens Now?
Grain markets, like almost every other market this past week, saw plenty of volatility as Russia started its unprovoked invasion of Ukraine. Ultimately, like every one else, I suggested in this column a few times (specif…
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