Wheat futures

Chicago Wheat Futures Had Wicked Reversal

Blue Line Futures

January 23, 2020

March corn futures were little changed yesterday, with little new news hitting the wires. Export sales are pushed back to tomorrow morning. As noted for the last week, we believe option expiration will continue to keep a lid on the market at 390.

Soybean Futures Bulls Buying Dip

Blue Line Futures

January 22, 2020

March soybean futures broke lower yesterday on what was largely technical selling. Yesterday’s weekly export inspections report came in at 1,199,000 metric tons, this was at the top end of expectations.

Grain Futures Traders Say, "Substance In Trade Deal Remains Suspect"

Blue Line Futures

January 21, 2020

Last week’s signing of Phase-1 was a classic buy the rumor, sell the news response. The substance in the trade deal remains suspect in our eyes. China has stated several times that imports will be based on market conditions, ie: supply/demand and price (same as before).

Grain Traders Decided To “Buy The Rumor, Sell The News”

Blue Line Futures

January 17, 2020

Soybean futures continued to roll over on a continuation of the “buy the rumor, sell the news” reaction. On top of the dwindling good news, there was some bearish news coming from South America,

For Agriculture Purchases - Is Phase-1 An Agreement To Proceed To Phase-2?

Blue Line Futures

January 16, 2020

In yesterday’s report we wrote: “It will be nice to get some clarity on the “trade deal”, but I wouldn’t hold your breath for something magical to happen.

Traders Forecast Impact of Soybean Trade Deal Demand From China

Blue Line Futures

January 15, 2020

China promises significant Soybean purchases after signing Phase One trade deal today. Farmers looking forward to more demand.

'Line In Sand' For Soybean Futures Bulls Is 9.35

Blue Line Futures

January 14, 2020

Soybean futures were mixed yesterday as much of the optimism around the Phase-1 deal seems to be priced in (see the 75-cent rally in December for reference).

Soybean Futures Traders On Fence Between China Demand and Fundamentals

Blue Line Futures

January 13, 2020

Friday’s USDA report was mostly bearish Soybeans with yield, production, and ending stocks coming in higher than expectations. What helped prop the market up after an initial dip was technical support and optimism around this week signing of the Phase-1 trade deal.

Grain Traders Wait for USDA Report - Oliver Sloup From BlueLine

Blue Line Futures

January 10, 2020

Oliver Sloup breaks down the trading day in grain futures markets.

USDA Report 'Top of Mind' For Grain Traders

Blue Line Futures

January 09, 2020

U.S. Department of Agriculture’s Export Sales Report for the week ending Jan. 2 will be published at 8:30 a.m. EST on Friday, Jan. 10, instead of Thursday, Jan. 9, due to the weather-related closure of Washington, D.C.-area federal offices.