Wheat Futures Closed Mostly Higher
Chicago wheat prices ended the session near the high with 9 to 9 ½ cents. KC also ended in the black with 2 ¾ to 3 ¼ cent gains on Monday. Spring wheat prices were fractionally higher to 1 ½ cents in the red. NASS reported winter wheat planting pace...
Corn Closed Monday Higher
Front month corn futures ended the session with 2 ½ to 4 cent gains. The Dec contract ended just 1 ¼ cents off the high after nearly a 10 cent range for the day. The weekly NASS Crop Progress report had 95% of the corn crop in or beyond the...
Soybeans Turn Around for Monday Gains
Soybean futures were 1 ½ to 3 ¾ cents higher. Nov saw $13 at the high for the day, but ended below the round number mark. Soymeal futures closed up by $3.80 to $4 on the day. Soybean Oil futures closed triple digits weaker with 3% losses. The weekly Crop...
Hogs make low and bounce in lackluster trade
Corn Futures Fractionally Weaker at Midday
The corn market is now trading fractionally weaker, after a back and forth session within a 7 ½ cent trading range. USDA reported a private export sale of 1.661 MMT of corn to Mexico. That was split between 1.05 MMT for 23/24 and 611k MT for 24/25 delivery. USDA’s weekly...
Soy Mixed through Midday
The front month soy futures are mixed with stronger meal. Soymeal futures are up $2.30 to $2.50 at midday. Soybean Oil futures are down by triple digits with 3% losses. The soybeans are 2 ½ to 7 cents in the red so far for the first trade day of the...
Navigating the Ups and Down of the Corn and Wheat Market.
Last week December’23 corn futures were marginally higher than previous week as end of the quarter short covering and chatter about the USDA lowering the yield in the October WASDE report started. December wheat futures continued their descent as the strengthening dollar and lackluster export demand pushed the Chicago ’23...
Soy Futures Mixed into Monday’s Day Trade
Soybeans are fractionally weaker this morning after a back and forth 7c range overnight. Meal futures are $1.30/ton higher this morning while BO is down by 30 points so far. The soy market ended Friday mixed, with beans and soy oil higher but lower meal. The November soybean contract was...
Wheat Heading Higher for Day Trade
AM buying has the wheat market off overnight lows and starting the day session near the highs. The hard red futures are fractionally higher still, while SRW is up by 3-4 cents. On Friday, Chicago prices were up 3 ¾ to 5 cents with a net 24 ¾ cent loss...
Do USDA Reports Move Commodities Futures Market?
USDA reports are among the most important reports in the agricultural commodities market. To what extent do USDA reports move the futures market? How do traders adjust their trading positions with the release of USDA reports?
Hogs Caught Between 61.8% Fibonacci Retracements, ADM Analysis
Below it, look for it to complete the 61.8% to 61.8% move per the ONE44 61.8% rule at 71.65.
Sunday Scaries: What I'm Watching This Week In The Grain Markets
Gone are the days we simply focused on US supply and demand to give us insight into price direction. Taking a look this week at some of the major global factors I am watching that are likely to influence price direction.
Do Supply and Demand Fundamentals Explain Price Movements of Agricultural Commodities?
Economics principles dictate that prices are determined by the principles of supply and demand. However, does this theory align with the market dynamics in practice? To what degree do supply and demand fundamentals truly drive the prices of agricultural commodities, and what factors contribute to short-term price volatility?
Long Chicago Wheat butterfly spread and short RBOB Gasoline calendar spread
Chicago Wheat has been retracing ever since the highs in March of 2022 that occurred at the beginning of the Russia, Ukraine conflict. The markets have just now returned back to more normal levels and ready to bounce higher.
W.D. Gann Natural Sup/Res Levels For Grains and Lean Hog Analysis
Mr Gann viewed stocks as live electrons, atoms, and molecules which hold persistently to their own individuality in response to the fundamental Law of Vibration.
Grain Markets: Is the Selloff in Wheat, Corn, and Soybeans Overdone?
Yesterday, I was a guest on AgWeb's Markets Now to discuss the recent action in the grain markets. I also talked about the cattle and energy markets.
Why the bears are driving the wheat and soybean markets
In Jim's video, he details the role that teleconnections play in global grain weather. In addition, he addresses seasonal probabilities at this stage of the current crop.
Cattle Markets Rally, Hogs Weak
Cattle Rallies in Front of COF Report
Wheats Firm Up for the Weekend
The front month wheat futures ended the day firmer following Thursday’s drop. Chicago prices were up 3 ¾ to 5 cents into the weekend, as Dec ended a net 24 ¾ cents lower wk/wk. KC wheats settled fractionally to 2 ½ cents in the black, ending the week 35 ¼...
Meal Fades as Friday Beans and Oil Bounce
The soy market settled the last trade day of the week mixed with beans and soy oil higher to lower meal. The November soybean contract was 2 ½ cents higher at the close, but still under the $13 mark. Nov beans fell a net 44 cents for the week. Soymeal...
Corn Closes with 2c Gains on Friday
Corn futures ended the day back near their highs with 2 to 2 ¾ cent gains through the front months. December printed a 4 ¼ cent range for the day, and closed with a net penny gain for the week. The weekly Commitment of Traders report had managed money funds...