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The wheat complex shot out of a rocket at the day session open. Chicago contracts were 19 ½ to 26 cents across most nearby contracts. Kansas City futures were 24 to 26 ¾ cents higher on Monday. MPLS spring wheat futures were 13 ¾ to 21 ½ cents in the...
Soybean futures closed the Monday session with contracts bear spreading, as the front months were just fractionally higher. Other contracts were up 3 to 8 ¼ cents. Soymeal futures pupped back to start the fresh week, as contracts were down $1.50 to $5.40/ton. Soy Oil was up 71 to 87...
Corn futures closed out the Monday session with contracts mixed. Front months were up fractionally to 2 ¾ cents on the day, with deferred contracts fractionally to 2 ¼ cents lower. Monday afternoon’s Crop Progress report indicated 49% of the US corn crop was planted as of May 12, a...
A near $4.00 range was created in a few contract months of the feeder cattle. Computer traders were either anxious to get the week started, or maybe a few humans were, but whom ever wanted futures higher. As the day wore on, most all contract months were lower on the day close to the close.
Soybean futures are rallying 4 to 10 cents across most contracts on Monday. Soymeal futures are still pressuring things from last week’s late weakness, as prices are down $3.20/ton in the July contract. Soy Oil is up 86 points at midday. The USDA Export Inspections report from this morning tallied...
Corn prices are pushing to new highs on Monday, as contracts are steady to 4 ½ cents higher across most front months. Spill over support from strength in wheat is helping. Weekly Export Inspections data showed corn shipments slipping below the 1 MMT mark for the first time in 13...
The wheat complex is trading higher at midday, with lower Russian estimates helping. Chicago contracts are 20 to 22 cents across most nearby contracts. Kansas City futures are 22 to 26 cents higher on Monday to start the week. MPLS spring wheat futures are up 13 to 18 cents. The...
Taking a look at what's driving the recent run in wheat prices and what it means for corn and soybeans.
The wheat complex is trading with contracts in the green to start the new week. They saw stronger trade on Friday, with assistance from some bull friendly USDA numbers. Chicago contracts were up 18 ¼ to 26 cents across most active contracts. Kansas City futures were up 12 ¾ to...
Soybean prices on Monday morning are 3 to 5 cents in the red Futures headed higher into the weekend, as contracts were up anywhere from 1 ¾ to 12 ¼ cents across the board. Soymeal futures were down $1-$2.40/ton. Soy Oil was in rally mode to end the week, with...
Corn futures are trading with fractional to 1 ½ cent losses so far this morning. They posted gains of 4 ¼ to 13 ¼ cents on the Friday session. Futures closed out the day near the highs, following the release of some bull friendly USDA data. In the Friday afternoon...
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As the end of meteorological spring grows larger on the horizon our attention turns to the next seasonal moves in the Grains sector.
Educational and Actionable information using Fibonacci & W.D. Gann analysis.
Jim covers the major weather drivers for soybeans, corn, wheat, cocoa, and natural gas.
The wheat complex saw stronger trade on Friday, with assistance from some bull friendly USDA numbers. Chicago contracts were up 18 ¼ to 26 cents across most active contracts. Kansas City futures were up 12 ¾ to 21 ½ cents across the board to round out the week. MPLS spring...
Corn futures posted gains of 4 ¼ to 13 ¼ cents on the Friday session. Futures closed out the day near the highs, following the release of some bull friendly USDA data. In the Friday afternoon Commitment of Traders report, CFTC data showed spec funds in corn futures and options...
Bean futures saw Friday action heading higher into the weekend, as contracts were up anywhere from 1 ¾ to 12 ¼ cents across the board. Soymeal futures were down $1-$2.40/ton. Soy Oil was in rally mode to end the week, with contracts up 104 to 180 points. Weekly data from...
In my opinion, some changes were noticed this week. Of the one most notable was further recognition of the agenda in place by others. As the impact from becomes more obvious, it has begun to make cattle producers, in every sector, a little nervous at the current price level.
