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Corn futures were rallying out of the 8:30 am CDT gates this morning, with strength across the wheat helping out. Contracts closed with gains of 2 to 8 ½ cents across the board. The Monday afternoon Crop Progress report indicated 70% of the US corn crop planted in the week...
The wheat complex started off the week with a rally. Chicago contracts closed the Monday session with 16 ½ to 37 ½ cent gains. Kansas City futures were in rally mode, as gains of 18 ¾ to 35 ¼ cents were across the board. MPLS spring wheat futures were up...
Soybeans ended the Monday session with gains of 6 ½ to 20 cents across the board, led by the front months. Soymeal futures saw $1.30 to $5.30/ton gains across most contracts. Soy Oil helped the product value by rallying 71 to 105 points across the board. The US soybean crop...
Rationing was stepped up last week as packers cut the slaughter pace again, sending boxes to over $314.00 as of mid-day today. Rationing will continue until more cattle are made available to produce more beef.
Taking a look at why speaking in definitive terms about what the market will do in May can prove costly...
Soybeans are starting off the week with some strength, as contracts are up anywhere from 15 to 20 cents across the front months. Soymeal futures are up $4.40. Soy Oil is posting triple digit gains, with July up 112 points. Export Inspections data from this morning showed just 184,128 MT...
The wheat complex is posting sharp gains so far on Monday. Chicago contracts are up 30 to 33 cents at midday. Kansas City futures are rallying 32 to 34 cents across the front months. MPLS spring wheat futures are up 22 to 24 cents at midday. Weather is likely playing...
Corn futures are heading higher to start the new week, with contracts rallying 8 to 8 ½ cents across the front months at midday. USDA’s Export Inspections report pegged 1.21 MMT of corn shipped during the week that ended on May 16. That was a 20.5% increase over last week...
Corn prices are up 3 to 4 cents to begin the new week, with spillover support from double digit strength in wheat. Futures closed out the Friday session with losses across the board, as contracts were down 2 to 5 ¼ cents. Preliminary open interest dropped 2,520 contracts on some...
The wheat complex is posting double digit gains of 14 to 19 cents across the three exchanges far on Monday morning. They posted weakness across the board on Friday. Chicago contracts were down 2 to 12 cents, led by the front months. Kansas City futures closed with contracts 4 ¼...
Soybeans are trading 1 to 4 cents in the green this morning. They held on for steady to 11 ¾ cent higher trade across the front months at the close, with back month 2025 contracts lower. Preliminary open interest showed significant net new buying in soybeans on Friday, rising 25,132...
Grain futures have been firm in the overnight and early morning trade, but we saw that overnight strength fizzle into regular trading hours last week. Will the early morning rally be able to hold?
The History of Weather Volatility is Largely Driven by the 89-Year Solar Gleissberg Cycle, the 40-Year Sea Surface Temperature Cycle and the 220-Year Grande Solar Cycle Minimum. All three cycles are in synchronicity for the first time in over 400-Years and Portend Ongoing Weather Volatility Expansion in the Decade Ahead.
Jim's video focuses on weather and crop issues on four continents
The wheat complex posted weakness across the board on Friday. Chicago contracts were down 2 to 12 cents, led by the front months. Kansas City futures closed with contracts 4 ¼ to 11 ½ cents. MPLS spring wheat futures were down 7 ½ to 9 ¾ cents across the board....
Corn futures closed out the Friday session with losses across the board, as contracts were down 2 to 5 ¼ cents. On the week, July was down 17 ¼ cents, with December losing 15 ½ cents. Weekend weather looks drier, though planting conditions may still be less than ideal in...
Soybeans held on for steady to 11 ¾ cent higher trade across the front months at the close, with back month 2025 contracts lower. July soybeans were up 9 cents this week, with November down 2 ¼. Soymeal futures were up 30 cent to $1.10/ton in the front months but...
Corn and Wheat price rallies reverse while inflation remains disappointingly stable.
The feeder cattle futures remain premium to the index and as of Friday's close, minimum sale floors can be produced above the current historical high of the index. So, you are able to market inventory in the future at higher levels than have ever been traded in the physical market, via the CME index.
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...
