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#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...
Jim explains how the MJO may be the factor behind the price movements in sugar and coffee
The wheat complex 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 ¾ cents as may expired. MPLS spring wheat futures were fractionally to...
Soybean 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. On Tuesday morning the White House issued an announcement of increased tariffs on...
Corn 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 corn to Mexico via the daily system, with 135,000 MT for old crop and...
Polar opposites in the basis of fats and feeders. In fats, it's $9.00 positive and in the feeders $14.00 negative. How is buying feeder cattle futures at a premium and selling fat futures at a discount profitable? That is exactly what the board represents at the moment.
Corn futures are trading with fractional to 5 cent losses across most contracts on Tuesday, as May expires today. USDA reported a large private export sale of 405,000 MT of corn to Mexico via the daily system, with 135,000 MT for old crop and 270,000 MT for new crop. Monday...
The wheat complex is sparking a Turnaround Tuesday, as contracts are down across the three exchanges at midday. Chicago contracts are 11 to 18 cents lower most nearby contracts. Kansas City futures are 15 to 19 ½ cents in the red. MPLS spring wheat futures are 6 to 9 cents...
