Grain and livestock futures were pretty universally higher in Wednesday’s trade. How much upside potential is there?
Taking a look at what is happening in the markets as we enter the last half of July.
All three wheat contracts are higher at midday, but a bit off of the morning highs. Chicago futures are up 6 to 8 cents per bushel. Kansas City contracts are up 6 to 10 cents. MPLS spring wheat futures...
Corn prices are steady to 2 cents higher at midday. There was some net new buying on Tuesday, with open interest up 7,011 contracts (mostly December). Overnight buying was tied to derecho wind damage...
Soybeans are down 3 to up 7 cents around midday on Wednesday, with old crop bids well supported but new crop under some pressure. Soybeans had closed higher on Tuesday. by 1 ¼ to 12 1/2 cents. CME...
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Our three reads on real soybean market fundamentals give us a mixed view, including basis in overs versus deferred futures contracts.
Grain futures prices have been consolidating to start the week but are showing signs of a potentially bigger relief rally
Corn is 3 to 4 cents higher in early Wednesday trading. Corn closed out the Turnaround Tuesday session with positive price action. Futures were 2 ½ to 5 ¼ cents higher on the day, spurred by some likely...
The wheat market is higher on Wednesday morning. Wheat bulls tried to battle back for a Turnaround Tuesday bounce, but bears were too much to handle, as all three exchanges were lower. Chicago futures...
Soybeans are kicking off Wednesday morning with gains of 4 to 9 cents. Soybeans gave back some early gains as bears defended their lop sided net short position, but closed higher on Tuesday. Futures were...