| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 190.75 +6.29% on 04/10/24 | | 215.00 -5.70% on 04/24/24 | +12.25 (+6.43%) since 04/09/24 |
| 3-Month | 168.75 +20.15% on 02/19/24 | | 215.00 -5.70% on 04/24/24 | +22.50 (+12.48%) since 02/09/24 |
| 52-Week | 168.75 +20.15% on 02/19/24 | | 256.00 -20.80% on 07/24/23 | -30.25 (-12.98%) since 05/09/23 |
The wheat complex has pulled back from the double digit strength we was earlier in the session but is still higher at midday. Chicago contracts are up 2 to 6 cents so far on the day. Kansas City futures...
Soybeans are struggling on Thursday, as contracts are down 10 to 17 cents at midday, and November threating the slip below $12. Soymeal futures are down $3.90 to $4.10/ton. Soy Oil is also falling at midday,...
Corn is continuing the corrective action on Thursday, as contracts are down fractionally to 3 ents across the front months at midday. There were 364 contracts issued vs. May corn delivery overnight, with...
The wheat complex is posting double digit gains across most contracts this morning. Wheat saw selling across all three markets on Wednesday. Chicago wheat contracts were down 8 ¼ to 9 ½ cents on the...
Soybeans are posting lower trade on Thursday morning with contracts down 3 to 5 cents. Bulls took a breather on Wednesday, as contracts were down 9 ¼ to 19 ½ cents across the board. Soymeal also pulled...
Corn is trading fractionally to a penny lower ahead of this morning’s Export Sales report. Futures pulled back on Wednesday after a couple weeks of rallying and with a USDA report on the horizon tomorrow....
#5 | Unintended Consequences The U.S. imported a record amount of fats and oils in March, fueling a boom in renewable diesel production (literally). Imports of heavy-hitter feedstocks used cooking oil,...
We summarize some noteworthy trade setups for the grains sector
Soybean bulls took a breath on Wednesday, as contracts were down 9 ¼ to 19 ½ cents across the board at the close. Soymeal also pulled back with contracts down $1.80 to $5.50/ton on the day. Soy Oil posted...
Futures are pulled back on Wednesday after a couple weeks of rallying and a USDA report on the horizon. Corn prices ended the midweek session with losses of 3 ½ to 8 ½ cents across most months. Weekly...
The Barchart Trading Guide is a Buy Signal with a Soft Signal Strength.
| Symbol | Last | Change |
|---|---|---|
| XBM24 | 202.75s | -1.25 |
| Corn | ||
| ZCN24 | 456-4s | -2-0 |
| Corn | ||
| ZSN24 | 1208-4s | -19-2 |
| Soybean | ||
| ZMN24 | 372.9s | -5.6 |
| Soybean Meal | ||
| ZLN24 | 42.64s | -1.15 |
| Soybean Oil | ||
| ZWN24 | 637-4s | +3-4 |
| Wheat | ||
| KEN24 | 651-6s | +3-2 |
| Hard Red Wheat | ||
| MWN24 | 703-6s | +1-0 |
| Spring Wheat | ||
| ZON24 | 401-6s | +4-2 |
| Oats | ||
| ZRN24 | 18.795s | +0.355 |
| Rough Rice | ||
| RSN24 | 651.30s | -5.40 |
| Canola | ||
| 3rd Resistance Point | 210.08 |
| 2nd Resistance Point | 207.92 |
| 1st Resistance Point | 205.33 |
| Last Price | 202.75s |
| 1st Support Level | 200.58 |
| 2nd Support Level | 198.42 |
| 3rd Support Level | 195.83 |
| 52-Week High | 256.00 |
| Fibonacci 61.8% | 222.67 |
| Fibonacci 50% | 212.38 |
| Last Price | 202.75s |
| Fibonacci 38.2% | 202.08 |
| 52-Week Low | 168.75 |
