The question on so many minds these days is if the December 2024 corn contract is getting bullish, "friendly", near $4.20.
Jim presents a handful of critical issues for traders to ponder over the holiday
Corn futures settled with most contracts down ½ to 2 ½ cents on Wednesday, as July was up 1 ½ cents. The market will be closed on Thursday for Independence Day, with Friday a hard open at 8:30 am CDT....
Soybean trade continues to see strength this week, with futures closing 6 ¾ to 11 ½ cents higher across the board on Wednesday. Soymeal was down 20 to 70 cents/ton August and September contracts, with...
The wheat market continued this week’s pullback into the holiday. Chicago futures were down 1 ¾ to 7 cents on the session. Kansas City contracts closed Wednesday with 5 ½ to 8 ¾ cent losses. Spring...
Futures traders were no friends to the cattle feeder today. Little in the way of premium on fat futures to work from, and higher feeder cattle prices to just add a little insult to injury.
Soybean trade is pushing higher on Wednesday, with contracts up 8 to 15 cents. Soymeal is 40 cents/ton in the front months, with Soy Oil up 79 to 159 points on the day. There were again zero deliveries...
The wheat market is down at midday. Chicago futures are showing mixed action with July up 1 ½ cents and others heading lower. Kansas City futures are down 4 to 6 cents on Wednesday. MPLS spring wheat...
Corn prices are showing mixed trade on Wednesday, within a penny on unchanged ahead of the holiday. There were 31 contracts issued against July futures deliveries overnight, with Bunge stopping all of...