Skip to main content
You have permission to edit this article.
Edit
Grain prices strong going into harvest

Grain prices strong going into harvest

A slow but positive start to the week saw prices continue to grind higher as China showed up as huge buyer over the weekend. “The charts remain bullish and the funds continue to hold significant long positions which is an interesting place to be headed into harvest,” said Jody Lawrence of Strategic Trading Advisors.

Prices are bolstered by Chinese buying, but it will be interesting to see if there will be some pull back on prices as we go into harvest, said Steve Freed of ADM Investor Services.

The Mississippi River will be closed to all vessel movement today from MM20-MM303 due to Tropical Storm Sally, Kevin Stockard of CHS Hedging said this morning. “Historic flooding” is possible in parts of Mississippi, Alabama, and the Florida panhandle due to the storm, he said.

CropWatch Weekly Update

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.

Related to this story

Most Popular

USDA announced China bought 1.36 mmt US corn, said Steve Freed of ADM Investor Services. Some feel they could buy another 6.5 mmt due to lower…

The corn market was vulnerable to liquidation today as there is “healthy estimated fund length” in the market, CHS Hedging said. There is also…

Lower trade in wheat today came as there was a lack of demand, Ami L. Heesch of CHS Hedging said. Spread trade activity also hut

The corn market opened lower on fund selling but prices turned higher in the middle of the day and there is talk China could be looking to buy…

Find the equipment you're looking for

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News