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The wheat complex found weakness again on Thursday, again quickly fading the early session gains. Chicago contracts were down 2 to 3 cents across most contracts. Kansas City futures closed with contracts steady to 1 ¾ cents lower. MPLS spring wheat was down 1 to 6 ¼ cents in most...
Corn futures closed Thursday trade, following similar action from Wednesday, fading the early session gains. Contracts closed with losses of 3 ½ to 5 ½ cents across the board, and leaving some not so bull friendly looking candlesticks. Weather through the weekend shows much of the WCB drier, with portions...
Soybeans faded off into the Thursday close, as contracts were up ½ 5o 2 ¾ cents in the front two months and down 1 to 3 ¾ cents in the tother contracts following uninspiring Export Sales data. Soymeal futures were $4 to $5.30/ton lower across most contracts. Soy Oil is...
Corn futures have been under pressure for the last three sessions after failing against resistance to start the week. Will support hold into the weekend or will the selling persist?
Soybeans are slipping lower on Thursday following dull Export Sales data. Contracts are steady to 4 cents lower in the nearbys, with July slightly higher. Soymeal futures are down $1.70 to $2.30/ton. Soy Oil is extending the bounce with 80 point gains. Weekly Export Sales data tallied soybean bookings at...
The wheat complex is heading lower at midday. They again quickly faded the early session gains today. Chicago contracts are down 5 to 8 cents across the front months. Kansas City futures are steady to 5 cents lower. MPLS spring wheat is trading with 3 to 6 cent losses. The...
Corn futures are hitting the copy/paste button on the Thursday trade, as future are again fading the early session gains. Midday losses are totaling 4 to 7 cents as a planting window is open of areas across the Corn Belt this weekend. Weather through the weekend shows much of the...
#5 | Big Bushels U.S. corn yields haven't hit/exceeded so-called trend (USDA’s initial print) since 2018 and although 2023 was a record-high yield at 177.3 - it fell well-below the 181.5 trend. In four of the past nine years, we saw new record national yields - which were also years...
Corn futures were under pressure the last few days, but was it enough to cause technical damage or is the trend still intact?
The wheat complex is heading higher across all three exchanges this morning. They quickly faded from the early double digit gains as losses were reported across the three exchanges on Wednesday. Chicago contracts posted losses of 6 ¾ to 11 cents across the board. Kansas City futures were down 5...
Corn is trading 1 to 2 cents higher ahead of this morning’s Export Sales report. Futures faded the early gains on Wednesday, with contracts closing anywhere from 2 1/4 to 5 cents lower after July futures failed to take out the early week high. A weaker dollar failed to impact...
Soybeans are posting fractional to 2 cent higher trade on Thursday morning. They slipped into the close, as contracts settled with losses of a penny to 4 ¾ cents after NOPA reported an ugly April crush number. Soymeal futures were down $1.60 to $2.70/ton at the close. Soy Oil was...
In my interview today with Michelle Rook on AgWeb's Markets Now I spoke about the recent move higher in wheat, soybean, and corn prices. I also discussed crude oil, interest rates, and the cattle markets.
Of the most interest is that we are currently producing more beef than last year with fewer cattle. Of everything you can mention that has created this, you are correct. It's taken everything possible to have accomplished such a feat.
Corn futures faded the early gains on Wednesday, with contracts closing anywhere from 2 1/4 to 5 cents lower. Weather through the weekend shows much of the WCB drier, with portions of the Southern ECB with expected precip nearing 1-1.5 inches. The WCB looks wetter getting into next week. EIA...
Soybeans slipped into the close, as contracts settled with losses of a penny to 4 ¾ cents after NOPA reported an ugly April crush number. Soymeal futures were down $1.60 to $2.70/ton at the close. Soy Oil was up 12 to 24 points as tighter NOPA stocks were reported. The...
The wheat complex quickly faded from the early double digit gains as losses were reported across the three exchanges on Wednesday. Chicago contracts posted losses of 6 ¾ to 11 cents across the board. Kansas City futures were down 5 ½ to 8 ¼ cents on the day. MPLS spring...
Corn shot higher in early morning trade, but are fading lower on Wednesday. Contracts are down 3 to 4 cents across most nearby months at midday. EIA data from this morning showed that 1 million barrels per day of ethanol was produced during the week of 5/10. That was a...
Soybeans are holding above steady on the midweek session, as contracts are up 1 to 5 ¾ cents despite an ugly April crush number from NOPA. Soymeal futures are up 50 cents/ton. Soy Oil is back 62 to 67 points higher as tighter NOPA stocks were reported. This morning’s NOPA...
The wheat complex is fading the early double digit gains with losses reported at midday. Chicago contracts are down 5 to 6 cents in the front months. Kansas City futures are down 5 to 7 cents at the midday print. MPLS spring wheat futures are down 4 to 6 cents....
Provided by TradingView Corn Technicals (July) July corn futures traded on both sides of unchanged yesterday, finishing the day near the low end of the range which was just above the previous day’s low. We remain upbeat on prices and view the chart as very constructive, but believe we are...
Soybeans are trading 3 to 6 cents in the green on Wednesday morning. They closed Turnaround Tuesday with contracts down 4 ½ to 7 ¼ cents. Soymeal futures were back up on the day, with gains of $2.80 to $6.10/ton. Soy Oil collapsed 131 to 184 points on the session....
The wheat complex is posting double digit gains as we start the midweek session. They fell into Turnaround Tuesday across the three exchanges. Chicago contracts were down 1 ½ to 14 ½ cents led by the front months. Kansas City futures closed out with losses of 7 ¼ to 16...
Corn is trading higher this morning, as contracts are up 2 to 3 3/4 cents. Futures ended the Tuesday session with contracts fractionally to 5 cents lower out to July ’25. Deferred contracts were steady to ¾ cent higher. USDA reported a large private export sale of 405,000 MT of...
