Soybeans are posting 9 to 12 cent gains on Thursday as futures bounce back. CmdtyView’s national front month Cash Bean price is up 9 cents at $9.10 ¼. Soymeal futures are up $5.30/ton. Soy Oil futures are 43 points higher on the session. USDA reported a private export sale of...

The corn market is posting midday gains of 1 to 2 ¼ cents so far on Thursday, reverting from the weaker action on Wednesday. The national average Cash Corn price from cmdtyView is up 2 1/2 cents at $4.10 1/2. Export Sales data released this morning showed a total of...

Grain markets get hit hard in Wednesday’s trade which has led to additional weakness Thursday morning. Where’s the technical support at?

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 nearbys and up slightly in the deferreds. KC HRW contracts were 2 ¾ to 3...

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 national average Cash Corn price from cmdtyView was down 6 cents 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 coming months, and weaker products continued to add pressure. Contracts closed with losses of 18 to 26 cents...

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 losses of 18 to 26 cents on the day. CmdtyView’s national front month Cash Bean price was down 25...

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 $4.08 1/4. The USDA reported a private export sale of 135,000 MT of corn...

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 lower on the day. MPLS spring wheat futures settled 3 to...

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 to stay above $6.00, remaining below this psychologically important level for three weeks and currently trading at $5.94.