EPISODE · Dec 27, 2023 · 10 MIN
Grains RALLY on Black Sea News - Follow-Through Buying Possible???
from Grain Markets and Other Stuff
Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyGoogleTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Intro + Black Sea Attack / Rally2:11 Rail Crossings Reopened4:55 Brazil Update / Early Harvest6:26 "The Funds"7:24 US Grain Shipment Update8:36 Cattle on Feed Report🇺🇦 Ukraine reported destroying a Russian warship in Crimea, with conflicting reports on damage and casualties. The ground war between Ukraine and Russia is at a near standstill, with aid packages stalled in Washington and Europe.🚆 US-Mexico railroad crossings at Eagle Pass and El Paso, TX, have reopened after being closed due to a surge of migrants. Nearly 10,000 railcars were held up on both sides of the border during the closures.🌱 Early soybean harvest has started in Brazil, with Mato Grosso farmers harvesting about 1% of the crop. Drought conditions have forced early harvesting, and yields are expected to be the lowest in 40 years.📊 Large money managers increased their net short position in the corn market while reducing their positions in soybeans. They were net buyers of SRW wheat.🌽 US soybean shipments were weak last week, down compared to the previous week and the same week last year. Corn shipments increased, while wheat shipments saw a significant increase compared to the previous week and last year.🐄 Friday's Cattle on Feed report was seen as neutral to bearish for the cattle market, with cattle on feed at 103% of year-ago levels, placements at 98%, and marketings at 93%.
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Joe's Premium Subscription: www.standardgrain.com Grain Markets and Other Stuff Links- Apple Podcasts Spotify Google TikTok YouTube Futures and options trading involves risk of loss and is not suitable for everyone. 0:00 Intro + Black Sea Attack / Rally 2:11 Rail Crossings Reopened 4:55 Brazil Update / Early Harvest 6:26 "The Funds" 7:24 US Grain Shipment Update 8:36 Cattle on Feed Report 🇺🇦 Ukraine reported destroying a Russian warship in Crimea, with conflicting reports on damage and ...
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Grains RALLY on Black Sea News - Follow-Through Buying Possible???
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