Crop Progress - 2024-11-04

With marketing's believed wrapped up tight with put options or options strategies, keeping input costs from reducing margins captured is the focus.  Of the two most important are fuel and feed.  Although feed is anticipated to rise, it is fuel that is anticipated to soar.

Taking a look at whether the trade war comes back and what it means if it does.

Soybeans are holding slightly higher as the market trades through Monday’s midday. There were another 440 deliveries issued overnight, all by a JP Morgan Customer. CmdtyView’s national front month Cash Bean price was up 2 1/2 cents at $9.37. Soymeal futures are down $4.70/ton in the front month. Soy Oil...

Corn futures are trading with contracts fractionally to 2 ¼ cents higher across the front months. The national average Cash Corn price from cmdtyView is up 2 1/2 cents at $3.87 1/4 per bu. USDA reported a couple private export sales of 150,000 MT to Mexico and 120,000 MT of...

The wheat complex is posting mixed trade on Monday. Chicago SRW futures are down 1 to 2 cents so far on the session. KC HRW contracts are up 1 to 2 cents across the front months. MPLS spring wheat is up fractionally to 2 ½ cents. Export Inspections data showed...

Low-Cost Options, With Limited Risk

Grain and livestock markets could be setting up for a choppy week with a looming election and interest rate decision this week. These are a few things on our radar.

The interview discusses the recent surge in grain prices, driven by increased demand from Mexico and China, as well as the uncertainty surrounding the US election and potential trade disruptions. Additionally, the rising demand for vegetable oils, particularly soybean oil, due to the growing renewable diesel market is highlighted. The interview also touches on the potential impact of weather conditions on winter wheat production and the bearish signals in the cattle and stock markets.

Grain markets find their footing to start a new week of trade. Is energy building up for a bigger rally? Watch us on RFD-TV, today at 9:45am CT!

Soybeans are showing Monday morning gains of 11 to 12 cents. They settled the Friday session with contracts steady to 1 ½ cents in the red, despite early strength and export business. January managed a 3 ¾ cent loss on the week. There were another 440 deliveries issued overnight, all...

Wheat futures are showing Monday morning losses in the three main markets. The complex posted losses across the three exchanges on Friday. Chicago SRW futures saw fractional to 2 ½ cent losses on the day, as December closed out the week down a penny. KC HRW contracts were 1 to...