HighlightsCorn, soybean, and wheat markets ended the session in positive territory Friday after yesterday’s selloff. Oil prices rose today on global supply concerns from Russia’s fuel export ban and higher interest rates. Reports indicate a tow of barges ran aground near Vicksburg, Mississippi, near mile marker 435, navigation is closed at this point.The United Auto […]

Highlights                            UK Manufacturing PMI was up 1.2 to 44.2 vs 43.2 estimate, while Services PMI was down 2.3 to 47.2 vs 49.4 estimate. S&P Global’s chief business economist says this points to an increasingly likely recession in the UK.The Bank of Japan left their interest rates unchanged at -0.1% and capped 10 year bonds at […]

Highlights                            President Biden is set to announce another $325 million in military aid to Ukraine today, expected to include cluster munitions and other new weapons. Ukrainian President Zelensky is in Washington to rally support for his country. Overnight, Ukraine attacked the Russian air base in Crimea, causing “serious damage.”India has suspended visas for Canadian nationals, […]

HighlightsCommodities and equities took a hit today as commodities seemed to have gotten some pressure from macroeconomic factors. Equities took a hit again today as the Fed kept rates unchanged but appear to keep rates higher for longer according to some market chatter. The 10-year Treasury yield hit 4.48%, the highest it has been in […]

 Highlights Market activity today remain quiet today with another day where grain news is light. No flash sales by the USDA yet this week as the high barge freight cost keep the U.S. gulf priced out of the world market. Funds bought 3,000 corn contracts and 2,000 meal. They sold 3,000 wheat contracts, 4,000 beans, […]

HighlightsA risk-off day across grain and livestock markets, while the DOW and S&P and crude trade higher this afternoon.Corn and soybean G/E ratings are both expected to drop 1% to 51%. Corn harvest should progress to 10% (last week was 5%) and soybean harvest is expected to come in at 4%. Spring wheat harvest is […]

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