Soybeans rounded out the midweek session with contracts closing 7 to 8 cents in the red. CmdtyView’s national front month Cash Bean price is back down 8 cents at $9.35 3/4. Soymeal futures were $1.50 to $2/ton higher. Soy Oil futures were down 72 to 77 points on the session....

Corn slid lower on Wednesday, as contracts closed with losses of 1 to 2 ½ cents in the nearby contracts on the day. The national average Cash Corn price from cmdtyView was down 2 cents at $4.03 1/2. The weekly EIA report showed ethanol production dropping off last week’s record...

Potential Near-Term Bottom or More Pain?

Grain markets were lower as the lack of new news has kept buyers at bay. Livestock markets came under pressure on the back of long liquidation from funds. In the outside markets, it was new all-time highs for the S&P and NASDAQ.

Open interest continues to be the most interesting aspect of this time frame due to a belief of significant commodity fund participation.

Soybeans bouncing off the early midday lows on Wednesday, though contracts are still down 5 to 7 cents at midday. CmdtyView’s national front month Cash Bean price is back down 6 3/4 cents at $9.36. Soymeal futures are just 70 cents/ton higher. There were 5 deliveries issued against December bean...

The wheat complex is trying to push back higher at midday of the Wednesday session. Chicago SRW futures are down 1 to 2 cents at the moment. There have yet to be any deliveries against December CBT wheat since FND. KC HRW contracts are down 1 to 2 cents in...

Corn bulls continue to be in the bend don’t break mindset, with futures down another 1 to 2 cents at midday. There were 111 deliveries issued against December corn futures overnight to take the total since FND to 444. The national average Cash Corn price from CmdtyView was down 3/4...

Wheat is showing losses as we kick off the Wednesday session, with contracts down 1 to 4 cents across the three markets. The wheat complex ended the Tuesday session with contracts mostly higher. Chicago SRW futures were the exception, fractionally mixed across the board. There have yet to be any...

Soybeans are trading with 5 to 6 cent losses so far on Wednesday morning. Futures backed off the early Tuesday highs, but contracts still managed to close with fractional to 6 ½ cent gains. CmdtyView’s national front month Cash Bean price was up 6 3/4 cents at $9.43 3/4. Soymeal...

Corn is showing 1 to 2 ½ cent losses so far on Wednesday AM trade. The corn market ended the Tuesday session with losses after a stronger overnight session. Contracts were down fractionally to 1 ¼ cents on the day. There were 111 deliveries issued against December corn futures overnight...

Soybeans backed off the early Tuesday highs, but contracts still managed to close with fractional to 6 ½ cent gains. CmdtyView’s national front month Cash Bean price was up 6 3/4 cents at $9.43 3/4. Soymeal futures closed the session steady to $2.60/ton higher. Soy Oil futures were up 36...