Latest News
The impact of farmer length when it comes to price moves as speculators work to cover their shorts.
Soybeans are trading 5 to 10 cents higher so far on Monday after coming out of the gates running this morning. Preliminary open interest dropped 32,868 contracts, almost exclusively due to May options expiration. Soymeal is rallying hard at midday, with $7.30 to $8.60 gains. Soy Oil is back lower,...
Wheat futures are backing off to start this week. Kansas City futures are 5 to 7 cents in the red at midday. MPLS is holding up, with contracts steady to fractionally mixed. Chicago contracts are taking a hit, down 9 ti 15 cents at midday. Preliminary open interest for CBT...
Corn futures are showing fractional losses so far on Monday. Preliminary open interest dropped a sharp 39,164 contracts. That was to be expected given the expiration of the May options (OI there declined 57,778 contracts). Export Inspections data from FGIS showed 1.23 MMT of corn shipped in the week of...
Technical analysis of Corn prices assisting traders and farmers with grain marketing.
Corn prices are starting out the week on a firmer note, with contracts just fractionally lower. They settled 1 to 3 cents lower on Friday, with nearby May the firmest and May 2025 seeing the biggest day to day net loss. Preliminary open interest dropped a sharp 39,164 contracts. That...
Wheat prices are starting off the new week mixed, with CBT weaker and the hard red contracts higher. Wheat bulls continued their assault on the heights (or at least foot hills given the size of the decline in recent months) on Friday. Kansas City HRW continues to lead the way,...
Soybeans are trading5 to 7 cents higher in early Monday futures action. Soybeans settled 3 ¼ lower to 3 cents higher on Friday, with delivery months out through January 2025 in negative territory and the rest of the 2025 contracts ending the session higher. Nearby May was up 9 cents...
Educational and Actionable information using Fibonacci and W.D. Gann analysis
Lean Hogs is consistently a negative carry market which is sometimes attractive to sell short and give the investor the opportunity to profit when futures prices “roll down” to spot cash prices. Currently Lean Hogs is a positive carry market and is just under the highest % carry yield score for the past 52 weeks. This high carry yield score is very likely to reverse over the next several weeks.
(Video) Rains critical in Ukraine and Plains help wheat prices EXPLODE this week
Corn settled 1 to 3 cents lower on Friday, with nearby May the firmest and May 2025 seeing the biggest day to day net loss. The solid export sales report on Thursday lifted the market for the week, but with all the global uncertainties traders were content to square up...
Soybeans settled 3 ¼ lower to 3 cents higher on Friday, with delivery months out through January 2025 in negative territory and the rest of the 2025 contracts ending the session higher. Nearby May was up 9 cents for the week, or 0.78%. Soymeal dropped $3.90 in the nearby May...
Wheat bulls continued their assault on the heights (or at least foot hills given the size of the decline in recent months) on Friday. Kansas City HRW continues to lead the way, with gains of 13 ½ to 14 ¼ on Friday and 64 ¾ for the week. Chicago futures...
Strong end to week for cattle cash market drives futures higher
In my opinion, the discovery process continues. Of the most importance coming up will be the amount of inventory available in the large summer video sales, and how quick buyers will be to procure inventory at price levels that are sometimes the high for the year.
Wheat bulls are continuing to push the shorts out on Friday, as contracts are up across much of the board. Kansas City continues to lead the way, with gains of 10 to 13 cents at midday. Chicago futures are trading with 4 to 5 cent gains across the front months....
Midday action in the corn market has futures showed fractional to 1 cent gains across the front months. Some spillover support form wheat could be attributed to the gains. Rains over the next few days will put a pause on planting for a good chunk of the Corn Belt. There...
Soybeans are trading with fractional to 3 ¼ cent losses across the nearby contracts on Friday. Soymeal is down $2.30 in the nearby May contract. Soy Oil is showing some strength, up 15 points for May. May options expire across the complex today. Planting will likely be put on hold...
Soybeans are trading 5 to 7 cents lower after a round of overnight trade. They rallied off the early midday losses by 10-13 cents on Thursday to close with front months down 1 to 3 ¼ cents and the September and beyond contracts up ½ to 2 ½ cents. May...
Overnight trade has corn prices slightly lower this morning. Corn finished Thursday with contracts up 1 ¾ to 5 cents across the board. Futures were helped out by spillover support from wheat and positive Export Sales data. USDA reported corn bookings of 1.3 MMT for the week of 4/18 in...
The wheat complex is mixed to begin your Friday morning, with KC showing some slight gains. They extended the bulls winning streak on Thursday. MPLS led the way this time, up 7 to 12 cents, with Kansas City 8 to 10 ½ cents higher in most contracts. Chicago futures were...
