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Jim shrugs off the solar cycle chatter, keeping the focus on teleconnections as the movers and shakers in the commodity space
Wheat futures held higher on Turnaround Tuesday, as contracts were higher across the three markets. Chicago futures were up 5 to 19 cents across the board, led by the front months. KC HRW was up 4 to 11 ¼ cents on the day. MPLS spring wheat futures were firmer, up...
Corn futures couldn’t hold up from the midday gains on Tuesday, as contracts fell into the close, settling down 1 to 3 31/4 cents. There was likely some pre-report positioning for Wednesday’s WASDE occurring. NASS reported condition ratings at 74% good or excellent, a 1% drop. The Brugler500 Index dropped...
Soybeans were feeling some pressure on Tuesday, with contracts falling into the close and settling near the lows. Futures were down 4 to 11 cents across the board when the final bell rang. Soymeal futures were a pressure factor, down $3.80 to $8.70/ton. Soy Oil futures were mixed, with the...
Grain markets were firm in the early morning trade but faded into the afternoon to settle lower, with the exception of wheat which finished higher for the first time in 10 sessions. Cattle futures were strong to start the week but failed to find follow-through in today's trade.
No one was interested in a new position in the live cattle contract on Monday. Open interest plummeted further, leading me to believe there are few interested in participation.
Younger beer drinkers want beers that are zero-alcohol or low-alcohol, and that means the no-alcohol beer category is the only growth area for global brewers. The leader in this still-tiny category is Heineken, and it's likely to stay that way.
Soybeans are steady to 3 cents lower so far as we trade through the Tuesday session. Soymeal futures are back down $4/ton. Soy Oil futures are up 14 points in the July contract A private export sale of 104,000 MT of old crop soybeans to China was reported by USDA...
Wheat futures are pushing back higher on the Turnaround Tuesday session. Chicago futures are up 21 to 24 cents in the front months. KC HRW is trading with 13 to 15 cent gains on the day. MPLS spring wheat futures are 8 to 10 cents higher. For Wednesday’s USDA Crop...
Corn futures are getting help from double digit gains in the wheat on Tuesday, as prices are up 1 to 3 cents at midday. The weekly crop condition ratings slipping also helped the bulls out, with some pre-report positioning for Wednesday’s WASDE occurring. NASS reported that 95% of the US...
Based on the latest options flow data, speculators seem to be selling DNUT stock call options. Here’s why that could be the wrong idea.
Corn futures are testing Friday’s high, a move out above here could be enough to spark another wave of short covering ahead of tomorrow’s WASDE report.
Corn prices are starting off Tuesday with contracts up ½ to 1 ¼ cents so far. The corn market settled 1 to 3 cents higher on Monday, cautiously awaiting the weekly crop progress and conditions report, and positioning for Wednesday’s WASDE estimates. NASS reported that 95% of the US corn...
Soybean futures are down 3 to 5 cents in early Tuesday positioning. Soybeans settled ½ to 9 cents higher on Monday. July worked higher throughout the day, while new crop November saw some profit taking in the last 50 minutes of the trading session. Soymeal futures were up $3.30 to...
Wheat prices are mixed this morning, with KC the weak spot and the other two exchanges heading higher. Wheat futures were as much as 20 cents per bushel lower across the 3 US markets. French Milling Wheat Futures were down for the 6th consecutive session. Chicago July futures have closed...
Technical Analysis of the wheat market assisting traders and grain farmers with marketing.
No video this evening, but there is a free issue of Jim's newsletter for any barchart.com visitors who are newcomers to BestWeather's reports
The corn market settled 1 to 3 cents higher on Monday, cautiously awaiting the weekly crop progress and conditions report, and positioning for Wednesday’s WASDE estimates. Trade ideas for this afternoon’s Crop Progress report ran 95-96% for planting progress. Condition ratings ideas were running close to UNCH vs. last week....
Wheat futures are as much as 20 cents per bushel lower across the 3 US markets. French Milling Wheat Futures kicked off the bear parade overnight and were down for the 6th consecutive session. Chicago July futures have closed lower for 9 consecutive sessions. CBT wheat was down 17 ¾...
Soybeans settled ½ to 9 cents higher on the first market day of the week. July worked higher throughout the day, while new crop November saw some profit taking in the last 50 minutes of the trading session. Soymeal futures were up $3.30 to $7.. Soy Oil futures were down...
I don't think the corn belt classic brought the stupendous prices most expected. The futures big gains and seemingly none in the cash markets leads me to believe that simply some divergence took place today.
Corn and soybeans were firm to start the week but wheat futures continued to slide lower marking the ninth consecutive day of losses, the longest streak since 2015.
