Grain markets get hit hard in Wednesday’s trade which has led to additional weakness Thursday morning. Where’s the technical support at?
Soybeans are trading near unchanged to kick off Thursday after the Wednesday collapse. The soybean market broke out to the downside on Wednesday, as decent Brazilian weather, uncertainty around trade in...
The corn market is trading with 1 to 2 cent losses on Thursday morning, Corn futures felt pressure from soybean spillover weakness on Wednesday, as contracts were down 3 ¼ to 6 ¼ cents at the close....
The wheat complex is starting off Thursday with losses across the three exchanges. Wheat closed out Wednesday with weakness across the three markets. Chicago SRW futures were down 1 to 3 3/4 cents in the...
Wheat closed out Wednesday with weakness across the three markets. Chicago SRW futures were down 1 to 3 3/4 cents in the nearbys and up slightly in the deferreds. KC HRW contracts were 2 ¾ to 3 3/4 cents...
Corn futures felt pressure from soybean spillover weakness on Wednesday, as contracts were down 3 ¼ to 6 ¼ cents at the close. The national average Cash Corn price from cmdtyView was down 6 cents at...
The soybean market broke out to the downside on Wednesday, as decent Brazilian weather, uncertainty around trade in the coming months, and weaker products continued to add pressure. Contracts closed with...
Well, Hope You Sold Some Cattle Today. Tomorrow Will Be Interesting
A softer tone developed today. The obvious continues to be stated. We know we are short of cattle. We know the commodity funds are long at a historical level with prices at historical levels.
We discuss the disappointing state of Hard Red Spring wheat prices as of December 18, 2024. Using the March 25 futures contract for the Minneapolis Hard Red Spring wheat, he notes that prices have struggled...