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Corn futures are trading with fractional to 5 cent losses across most contracts on Tuesday, as May expires today. USDA reported a large private export sale of 405,000 MT of corn to Mexico via the daily system, with 135,000 MT for old crop and 270,000 MT for new crop. Monday...
The wheat complex is sparking a Turnaround Tuesday, as contracts are down across the three exchanges at midday. Chicago contracts are 11 to 18 cents lower most nearby contracts. Kansas City futures are 15 to 19 ½ cents in the red. MPLS spring wheat futures are 6 to 9 cents...
Soybean are down 5 to 7 cents across most nearby contracts on Turnaround Tuesday. Soymeal futures are up $5.80/ton. Soy Oil was is back 181 points lower. On Tuesday morning the White House issued an announcement of increased tariffs on Chinese goods, but did not include used cooking oil on...
Grain markets mixed in the overnight trade. These are the important levels we will be keeping an eye on through today’s trade.
A few key economic indicator markets seem to be telling us the consumerism that has underpinned the US economy could be waning.
The wheat complex is sparking a Turnaround Tuesday, as contracts are down across the three exchanges. They 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...
Corn futures are trading 1 to 2 cents higher so far on Tuesday morning. They 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...
Soybean are posting lower trade on Tuesday morning, with contracts down 8 to 11 cents. 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 popped back to start the fresh week,...
Global wheat stocks are projected to decline for the fifth consecutive year, reaching their lowest levels since 2015/16, as major exporting countries grapple with smaller harvests and robust demand, according to a report published by the USDA's Foreign Agricultural Service (FAS).
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.
