Agricultural Prices - 2023-03-31
CBT SRW futures are trading in the red so far through midday, with 3 to 4 1/2 cent losses. KC wheat is working 3 to 4 cents higher, with spring wheat gaining as much as 7 cents. NASS survey data had 946.018...
Favorable USDA data took the beans to new highs for the day after 11 AM central. Old crop prices are trading more than 20 cents in the black so far, with new crop 11 to 23 cents higher at midday. Meal...
Old crop corn bounced out of the reports, but futures are back to 4-7 cents higher at midday. The new crop futures were trading higher into the release, but quickly fell on the acreage data. Dec is now...
Grain Stocks - 2023-03-31
Tomorrow's report can be as wild of a guess as the NCAA bracket card. You can have some things right, but other numbers are so wild they can throw everything off. Today we will walk through the data and...
We kickoff the day with Personal Income MoM, Personal Spending MoM, PCE Price Index YoY, and Core PCE Prices MoM & YoY at 7:30 A.M., Chicago PMI at 8:45 A.M., Michigan Consumer Sentiment Final, Michigan...
AM wheat quotes are weaker across all markets so far with fractional to 5 cent losses across the markets. The hard red wheat futures stayed in the black on Thursday with a penny gain for HRW and 1 3/4...
Early report day trading has bean futures fractionally to 3 1/2 cents higher. The overnight range kept beans mostly red within -6 1/2 to +4 3/4 cents (May). Thursday resulted in a mixed close in soybeans....
Positioning ahead of today’s USDA numbers has corn sitting near the overnight highs with fractional to 1 1/2 cent gains. The day ahead of the USDA reports left corn futures a penny to 4 cents in the...
