Weak Exports, Stagnant cash markets send prices lower

Soybeans saw a bounce back on Thursday with contracts closing 5 to 11 cents in the green. CmdtyView’s national front month Cash Bean price is back up 10 1/2 cents at $9.48 1/2. Soymeal futures were on the move higher, up $4.70 to $7.90/ton in the nearbys on Thursday, with...

Wheat posted gains across the three exchanges on the Thursday session. Chicago SRW futures were 8 to 9 cents in the greens at the close. KC HRW futures led the charge to the upside, 13 to 15 cents higher on the session. MPLS spring wheat was back up 9 to...

Corn futures rallied back on Thursday, with contracts closing 4 to 5 cents higher in the nearbys. Contracts closed off the highs, but still clawed back some of the Wednesday losses. The CmdtyView national average Cash Corn price was up 4 1/2 cents at $4.27 3/4. This morning’s Export Sales...

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

I realize there are many technicians out there who suggest wheat prices are ready to tumble again. I beg to differ with them—my wave count is different, projecting that wheat has the potential for a strong rally into April.

A choppy grain trade has presented a lot of shorter-term opportunities for traders on both sides of the market. Is that the trend into the prospective planting report?

Soybeans were are posting midday gains of 8 to 12 cents so far on Thursday. CmdtyView’s national front month Cash Bean price is back up 12 1/4 cents at $9.49 1/4. Soymeal futures were down $1.70 to $2.50/ton in the nearbys on Wednesday, with Soy Oil futures 19 to 26...

Wheat is higher at Thursday’s midday across the three exchanges. Chicago SRW futures are 6 to 7 cents in the greens so far. KC HRW futures are leading the charge, up 14 to 15 cents so far on the session. MPLS spring wheat is back up 12 to 13 cents...

The corn market is trading with 4 to 8 cent gains so far on Thursday, as futures take back much of the Wednesday weakness. The CmdtyView national average Cash Corn price is up 5 1/2 cents at $4.28 3/4. This morning’s Export Sales report showed 967,348 MT of corn sold...

Grain markets got hit hard early on Wednesday but managed to close off the lows which has helped aide in some recovery overnight and into the early morning trade.

Wheat is trying to push higher so far on Wednesday, with gains across the three exchanges. The wheat market posted mixed action on Wednesday, as KC led the way higher. Chicago SRW futures were 2 to 3 cents in the red at the close. KC HRW futures were 1 to...