Grain markets are firm to start a new week of trade, with several contracts knocking on the door of a potential breakout move. These are the levels to keep an eye on for corn, soybeans, and wheat.

My perception of the market differs from the first of April high to the end of April high.

The corn market is holding steady on Monday, with front months up 1 to 1 ½ cents and new crop corn slipping back, down ¼ cent. The front month CmdtyView national average Cash Corn price is up 1 ¼ cents at $4.56 1/2. Export Inspections data showed a total of...

The wheat market is trading with midday losses on Monday. Chicago SRW futures are down 8 to 9 cents so far at midday. Kansas City HRW is trading with 6 to 7 cent losses on Monday. MPLS spring wheat is down 6 to 8 cents across the front months. The...

Soybeans are showing midday losses on Monday, with contracts down 3 to 5 cents so far. CmdtyView’s national front month Cash Bean price was down 2 cents at $9.85 3/4. Soymeal futures are down $2.60/ton, as Soy Oil futures are back down a couple points. Weekly Export Inspections data tallied...

Outside markets are under pressure to start the week, but grain and livestock markets are holding their own yet again. Focus shifts to weekly crop progress reports and ever-changing weather forecasts.

Low-Cost Options, With Limited Risk

Soybeans are trading with Monday morning gains of 4 to 6 cents. Futures fell lower on Thursday, with losses of 1 to 3 cents heading into the 3-day weekend. May beans were down 6 ¼ cents last week, as November was up 7 cents. CmdtyView’s national front month Cash Bean...

The corn market is coming out of a 3-week weekend with contracts up 1 to 4 cents on Monday morning. Futures failed to hold the slight midday gains into the close on Thursday, with losses of fractionally to 2 cents. May was back down 8 cents last week, as December...

Wheat is trading with gains across the three exchanges early on Monday. The markets closed the Thursday session on the mixed side, pulling back from early gains. Chicago SRW futures saw 1 to 2 cent gains to closed out Thursday, as May was down 7 cents last week. Kansas City...

Educational and Actionable information using Fibonacci and W.D. Gann analysis.

Soybean Oil has a maximum score of 10, indicating that CTAs are fully invested and have little trading capital to add to existing longs.  In addition, the RSI score is 63 and amongst the strongest in the ag complex. Scores approaching 70 have a high likelihood of reversal.