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Corn is posting losses of 1 to 5 ½ cent across most contracts on Friday, closing out the week with weakness. Weather through the weekend shows much of the WCB drier, with portions of the ECB shifting drier. The entire Corn Belt looks wetter getting into next week. USDA's Export...
The wheat complex is posting midday weakness again on Friday. Chicago contracts are down 7 to 12 cents across most contracts. Kansas City futures are trading with losses of 8 to 13 cents in most months. MPLS spring wheat is down 8 to 9 ¾ cents. The final day of...
Soybeans are trading with midday gains to round out the week. Contracts are up 2 to 9 ½ cents across most contract on Friday. Soymeal futures are mixed, with front months up 40 cents/ton. Soy Oil is posting gains of 77 to 83 points at midday. Weekly Export Sales data...
UK natural gas fell this week, but remains stuck in a range, while corn is trending higher on lower volatility. Meanwhile, traders can expect the cocoa market to stay unpredictable for now, with record-low liquidity and plenty of speculators in the market.
Grain futures prices are higher in the early morning trade, will we see that rally continue through today’s trade and into the weekend on the back of weather uncertainty?
The wheat complex is trading with strength on your Friday morning. They found weakness again on Thursday, 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...
Corn is trading fractionally to 1 ¼ cents higher as we start the final session of the week. Futures ended Thursday with similar action to 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...
Soybeans are posting higher trade on Friday morning, with contracts up 8 to 11 cents. Futures contracts for beans 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...
The rally in Soybeans started from a 61.8% retracement on the continuation chart at 1138.00.
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.
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...
