Corn, soybeans, had a rough end to the week but still posted a higher weekly close. Cattle futures firmed this week, but will seasonal weakness start to seep into the market when we get into August?
Jim's take on the key weather fundamentals for grains
Soybeans gave back all of the gains in the August contract for this week and most of November’s on Friday, as contracts fell 28 to 38 ½ cents into the close. Product pressure was in play, especially...
Corn futures ended the Friday session with losses 10 to 11 ½ cent losses across most contracts. The weekly gain for September was 4 cents as Dc was up just over a nickel. The weekly Commitment of Traders...
The wheat complex was in near free fall mode heading into the weekend, with losses across the three exchanges. Chicago SRW futures were down 13 to 15 cents. Kansas City HRW contracts were 16 cents lower...
In my opinion, the function of maintaining a historical high for cattle, when found to be no variations in beef production year over year, leads me to lean towards the trading being more of an attempt...
This morning, I appeared on AgWeb's Markets Now with Michelle Rook. Our conversation covered soybean, corn, and wheat markets, as well as the impact of interest rates and gold prices.
Soybeans are posting 22 to 25 cent losses as the bears take back control on Friday. August options expire today. Soymeal futures are up 80 cents/ton in the August contract. Soy Oil futures are collapsing...
The wheat complex heading into the weekend with losses across the three exchanges. Chicago SRW futures are down 10 to 12 cents. Kansas City HRW contracts are down 13 to 15 cents. MPLS spring wheat is...
Corn futures are trading with 8 to 9 ½ cent losses so far on Friday, as modest gains from this week are being faded at week-end. Rain forecasts in the Eastern part of the Corn Belt have shifted a little...