First Thing Today
This morning report highlights the overnight trading session and key domestic and global developments impacting markets.
U.S. average diesel price rises above $6 a gallon
China steps up U.S. soybean buys ahead of Xi visit
Russia, Ukraine continue to strike each other’s shipping infrastructure
Crude oil prices hit 3-mo. high as Saudi Arabia attacked by Iran-backed Houthis
U.S. envoys heading to Russia, Ukraine to talk peace
Grain bulls need a shot of fresh, price-friendly fundamental news soon
Grains were technically overdone on the upside and due for downside corrections
Oil prices on the rise as oil tankers attacked in Strait of Hormuz
COT data shows big specs loading up on corn, soybean longs
Grain bears unwilling to stand in front of a steaming locomotive
Bullish fundamentals and technicals fueling grain market rallies
American Soybean Association pushes back on small refinery waivers
Grains weaker overnight as “Turnaround Tuesday” looms
Soybean futures prices constrained by potential for bigger crop
Grain markets see modest downside corrections overnight
Day 3 of Crop Tour again sees lower corn yields, soybean pod counts
Grains mixed to firmer overnight as bulls hanging tough
Drier weather seen for soaked eastern Corn Belt
Major flooding in eastern Corn Belt may be putting crops at risk
Today is an extra important trading day for the chart-based grain traders