Quite an interesting turn in the market yesterday with soybeans making a big jump higher and wheat catching a bid on some black sea news.

Markets were mostly lower on the day as lack of news out of the black sea and middle east to support the market. The price action seen looked to be more currency driven more than anything as the USD was making some gains.

Markets were mixed yesterday with KC and CBOT wheat making gains while spring wheat finished the day basically unchanged.

Markets have been on the defense over the last few days as we approached month end. Looking at wheat in general, it has a demand problem which there isn’t much so the only way for it to drive demand is to lower the price.

Markets were mixed on the day with canola taking a double digit hit while wheat managed to get some legs under it.

Markets have been mixed to lower the last couple days. The wheat market showed some strength Monday but gave up the gains seen on Tuesday.

What started out as a quiet day so to speak turned into a lot of action with corn leading the way higher bringing wheat up along with it. Spring wheat and KC wheat did catch a bid earlier in the day as there was better than expected export numbers.

Markets started the day out strong with the wheat market making some gains but did pull back midday. Wheat did finish the day regaining some of the losses.

Markets were relatively quiet for the day with little to no news to drive things higher with the exception of soybeans which was actually about $0.10 higher while everything else was lower.

Here we are, its Friday the 13th. USDA report came out yesterday morning with yield cuts to corn and soybeans which the cuts were larger than the average trade estimates.

The wheat market made some solid gains on Monday but gave it all back Tuesday as the trade started wht week with a knee jerk reaction to the Israeli/Hamas war. As long as the conflict remains contained so to speak to Gaza it lessens the potential impacts on commodities.

Markets were weaker on Friday as headline news out of Ukraine came and left. Wheat gave up most of it gains from Thursday as the bulls couldn’t hold things together to get a sustained rally to change the trend direction.

Wheat market got a nice boost Thursday. Main driver behind the rally higher was a Turkish Cargo ship in the Black Sea hit a mine as it was on route to a Ukraine port.

Markets made some decent gains on the day as traders got back in the game with a new month and new quarter.

Well Friday was interesting to say the least, it was the end of the month, end of the third quarter and also throw in a USDA Quarterly Stock Report along with a possible US Govt shutdown which was averted at the last minute as usual but there was some thoughts that if they were to shut down it would delay the Oct WASDE report. One could call it sort of a triple witching event.

Harvest is getting wrapped and the market continues its grind lower. As we look back over the last few years it’s been a wild ride with prices going sky high between COVID, Russia/Ukraine war and cheap interest rates and a drought. All of which pushed prices to new highs.

Markets have been sliding along lower as harvest pressure weighs. Thursdays price action lower looked to be more currency driven with the USD making gains.

Markets were under some heavy pressure which could be some harvest pressure along with other factors contributing to the sell off.

It was USDA Report day yesterday and there was some interest things come out of it. Overall the report seemed friendly for wheat and not so friendly for corn and soybeans.

Markets were mixed with wheat and canola moving lower while corn and soybeans were steady to higher. Market is getting ready for the USDA report which will be out today at 10am.