Corn futures hit an inflection point yesterday and have so far failed. Time to protect downside risk?

The wheat market posted losses on Thursday to close out the Thursday session. Chicago SRW futures were down 3 ½ to 5 ¾ cents across board on the day. KC HRW contracts are down 5 to 7 ½ cents on the Thursday session. MPLS spring wheat futures closed the day...

The corn market is posting losses of 1 to 3 ½ cent gains to kick off Friday trade. Corn futures closed out the initial trading session in 2025 with gains of 1 to 2 ¾ cents across the board. Preliminary open interest showed net new buying, up 17,583 contracts. The...

Soybeans are trading with losses of 8 to 10 cents across the nearbys on Friday morning. The soybean market kicked off 2025 with gains across most contracts, as futures were steady to 3 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1 1/4 cents at $9.56....

My late friend and long time CBOT floor reporter Gary Wilhelmi used to cringe at the mention of Turnaround activity, so I still mention it occasionally in memory of him.

Happy New Year!

The soybean market kicked off 2025 with gains across most contracts, as futures were steady to 3 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1 1/4 cents at $9.56. Soymeal futures were up $3 to $5.20/ton across the board. Soy Oil futures were down 6...

The wheat market posted losses on Thursday to close out the Thursday session. Chicago SRW futures were down 3 ½ to 5 ¾ cents across board on the day. KC HRW contracts are down 5 to 7 ½ cents on the Thursday session. MPLS spring wheat futures closed the day...

Corn futures closed out the initial trading session in 2025 with gains of 1 to 2 ¾ cents across the board. The national average Cash Corn price from cmdtyView was up 1 3/4 cents at $4.31 1/4. The delayed weekly EIA report showed a total of 1.111 million barrels per...

In this interview, market analysts discuss the current state of the agricultural commodity markets, noting continued fund buying in corn despite potential resistance, short covering in soybeans, and surprising weakness in wheat. They highlight the strong cash market for cattle, while acknowledging the potential for increased volatility due to the upcoming administration's policies, which may lead to higher inflation, increased interest rates, and increased uncertainty in financial markets.

The futures traders are believed set with a significant increase in open interest representing both sides digging in their heels.

Fats and Oils - 2025-01-02