Updated every Thursday by the GCC Grain Market Originators
Happy New Year from your GCC grain team! Markets are choppy and headlines are quiet headed into the holiday weekend.
Markets are quiet headed into the holiday weekend. Export sales and inspections disappoint.
Markets choppy in a week devoid of major headlines. Export sales decent across the board, Fed bumps rates again.
Markets are quiet ahead of tomorrow's release of the December WASDE. China relaxes COVID restrictions.
Grains feeling negative tone from November WASDE and little headlines for bulls to feed on.
Markets whiplash amid changing Black Sea headlines, US dollar is soaring, and export sales are sub-par.
Wheat and corn are losers in exports, while beans are the weekly winner. Outside markets continue to feel inflationary pressure.
October WASDE released, Ukraine & Russia continue their dance.
OPEC+ cuts production, USDA releases Quarterly Stocks Report, export sales are poor across the board, and rain is forecasted in southwest Kansas this weekend!
Russia and US Dollar index are in the driver seat. Traders awaiting USDA Quarterly Stocks Report released tomorrow.
Russia further escalates Ukrainian conflict, Fed hikes rates yet again, and export sales disappoint.
USDA releases mostly as-expected September WASDE, railroad strikes tentatively avoided, and the first export sales numbers in four weeks.
