Wheats Close Mixed on Spread Action
Wheat futures continue to adjust the spreads amongst the classes. Chicago prices were fractionally to 2 ¼ cents higher on the day, while the hard reds faded. KC futures ended the session with losses of as much as 4 cents, and MGE futures were 1 ¾ to 2 ½ cents...
Soy Futures End Tuesday Higher
Front month bean futures settled the day up a nickel to 5 ¾ cents. November printed an 18 ¾ cent range and closed above the $13 round number. Soymeal futures settled with $2-$3 gains across the front months. Soybean Oil futures ended the session 11 to 23 points in the...
Red Close for Tuesday Corn Futures
Corn ended the day down by a penny to 1 ½ cents across the front months after a back and forth Tuesday session. December futures printed a 7c range on the day from -4 ¾ to +2 ¼ cents. Dec futures sit at a 2 ½ cent gain for the...
Can Grain Markets Rally Into Friday's USDA Report? Has the Cattle Market Topped?
Grain markets were mixed in today's trade as traders anxiously await Friday's quarterly stocks report. Livestock markets on the under hand were under heavy pressure as long liquidation pressured prices.
Shootin' the Bull about shifting fundamentals
The shift felt last week is believed to have loosened some positions, with today them crumbling. Cattle feeders, whether they have had to buy cattle or wanted to buy cattle, at the elevated prices, it appears headwinds are now blowing.