Advertise in Print | Subscriptions

Ray Grabanski

Ray Grabanski is president of Progressive Ag, A Fargo, N.D.-based hedge brokerage firm. Reach Grabanski at (800)450-1404.

« previous   next »


Grabanski: Markets push higher

Wheat traded with strength all last week as traders try to work in declining crop conditions.


Grains rally on thin volume

The wheat markets had small gains for the week of Thanksgiving, with December Minneapolis up 8 cents, Chicago up 11 cents and Kansas City up 6 cents.


Markets retreat

Ray Grabanski's rundown of the market.


Soybean demand remains firm

The wheat markets appeared to be on a roll last week as a result of news that the Ukraine will implement an export ban on wheat.


Late week rally

The wheat market traded with moderate gains last week.


Sharply lower dollar supportive

Weak dollar supports wheat market; corn stocks up in USDA report.


Soybeans continue to lead grains

Wheat traded lower in every session except for one last week, and that one was enough to give wheat gains for the week. Early selling pressure was a result of a lack of news and lackluster trading as wheat looked for news.


Soybeans trade sharply higher

For the week ending Aug. 23, November soybeans were up 69.25 cents. Longer-term fundamentals remain bullish for the soybean market as global stocks tighten.


Weather rally ending?

The wheat exchanges started last week with little fanfare, trading in a tight uneventful fashion. But that changed toward the end of the week as the market traded with decent gains.


Rainy forecast pressures grain

Wheat struggled last week as it has become harder to find bullish news to feed the bulls.


« previous   next »


Potential exports drive wheat higher

The corn market gained 25 cents last week with the strength in the wheat market. Rumors that Russia may put a tax on wheat exports and may even ban exports supported the wheat market which spilled over to corn. The strengthening export demand and a firming cash basis also offered support last week.


USDA deflates bulls

Corn started last week trading with strength due to continued weather concerns in South America, primarily Argentina. But the gains were short-lived once USDA’s reports were released. USDA’s Final Crop Production report was not friendly for corn, as USDA raised 2011 U.S. corn yields and harvested acreage.


Market quiet ahead of report

Wheat started the week on the defense and traded with losses throughout the session. Early pressure was a result of spillover pressure from a sharply higher U.S. dollar. Additional selling was due to news that Egypt bought 120,000 metric tons of Ukraine wheat. The Minneapolis exchange was the best performer as concerns about tight stocks of high-quality wheat continue to support hard wheat’s.

EU debt issue drives markets

Wheat started the week higher with support coming from what appeared to be an overall fund buying frenzy. With the EU debt issue soon to be a memory, traders are starting to return to the market. Additional support for the winter wheat exchanges came from weather forecasts that still are calling for warm dry conditions for much of the Southern Plain states. The Minneapolis market was under pressure late in the session as traders took profits on long Minneapolis short Chicago spreads.

Soybeans struggle

Wheat opened the week mixed with the winter wheat contracts lower while the Minneapolis exchanges started higher.

USDA report mixed

Wheat opened and traded with decent gains to start the week. Support came from a sharply lower U.S. dollar market as the dollar dropped more than a full cent. Additional support came from technical buying as traders try and correct an oversold market condition. Wheat trimmed its gains late in the session on reports of good rains over much of the Southern Plain states.

Markets trade mixed

Wheat opened the week mixed with Chicago and Kansas City steady to higher while Minneapolis opened lower. Technical strength helped to support the winter wheat exchanges as did weather forecasts.

USDA report pressures grains

The wheat market traded with strength early in the week. Minneapolis wheat was the market of choice in the wheat exchanges, as early estimates for USDA’s reports had spring wheat production being cut and stocks projected to be the tightest ever.

Markets collapse

The wheat exchanges traded on the defense for most of the week. Most of the selling pressure was tied to technical pressure as well as from better-than-expected rains in the Southern Plains.

Markets retreat after USDA report

The wheat market struggled this week, trading lower in all sessions except for one. Wheat was pressured by a bearish USDA crop production report as well as from forecasts calling for rain in the Southern Plains.