Beans Barely Holding Support

As prices move higher, it will ration the number of producers that can assume the greater financial risks, as well as continue to promote alternative factors of beef production.  That is what rationing does and this is rationing in its grandest form.

Wheat futures are falling off at midday across the three markets on Friday. Chicago SRW futures are 4 to 7 cents lower across the nearbys. KC HRW contracts are down 4 to 6 cents on the day. There were 14 deliveries issued against Dec KC wheat overnight, with 8 for...

Soybeans are ignoring the export business reported this morning, as contracts are down 9 to 10 cents at midday. CmdtyView’s national front month Cash Bean price is down 9 cents at $9.37 1/2. Soymeal futures are down $3.60/ton on the day. There were another 126 deliveries issued against December soybean...

Corn futures are down 3 cents at midday, with Dec up ¼ ahead of expiration. There were another 107 deliveries issued against December corn futures overnight. The national average Cash Corn price from cmdtyView is down 3 cents at $4.12 3/4. Following the release of the weekly Export Sales report,...

Grain markets struggled to gain ground in Thursday’s trade. Corn has been the leader over the past several weeks, but is it time for soybeans and wheat to take charge?

Soybeans are trading with 2 to 5 cent losses in early Friday trade. The soybean market posted a mixed Thursday close, as contracts were down 1 ¾ to ½ cent higher. CmdtyView’s national front month Cash Bean price was steady at $9.46 1/2. Soymeal futures were down $1.1 to $1.60/ton...

Corn futures are trading near unchanged so far on Friday morning. The corn market closed out the Thursday session with contracts down ½ to 6 ¼ cents, retreating from the early week rally. There were another 107 deliveries issued against December corn futures overnight, with contract expiration today. The national...

Wheat is off to a slow start on Friday morning, with contracts sticking close to steady. The wheat complex closed with weakness across the three markets on Thursday. Chicago SRW futures were 4 ¼ to 4 3/4 cents lower across the board. KC HRW contracts were down 4 ¼ to...

Corn is very near the lowest price recorded over the past few years despite the 52 week low carry yield. Diving deeper, the technicals for Corn are sending mixed signals depending on the chart and timeframe analyzed.

Cattle Makes new all-time high for the lead contract then breaks down

The soybean market posted a mixed Thursday close, as contracts were down 1 ¾ to ½ cent higher. CmdtyView’s national front month Cash Bean price was steady at $9.46 1/2. Soymeal futures were down $1.1 to $1.60/ton on the day. Soy Oil futures were back up 21 to 31 points...