Soybeans rounded out the Wednesday trade with most contracts up 2 ¼ to 9 ¼ cents, led by the old crop contracts. Some back months were fractionally to 2 cents lower. The cmdtyView national average Cash Bean price was up 10 cents at $11.25. Soymeal futures were down 40 cents...

The wheat complex fell off the early session highs on Wednesday, as month end profit taking got off to a day early start. Chicago SRW futures were down fractionally to 6 ¾ cents, with deferreds up ¼ to 3 ¼ cents. KC HRW futures were up fractionally to 2 ½...

New Crop Meal Plan

There are multiple abnormalities taking place within the industry that are expected to continue to reshape it.

Corn futures are trading with contracts fractionally to 1 ¼ cents higher at midday on Wednesday. The CmdtyView national average Cash Corn price is up 1 cent at $4.33 1/4. EIA’s weekly report showed a larger than expected drop in ethanol production in the week that ended on April 24,...

Soybeans are posting 3 to 8 cent gains in the front months on Wednesday. The cmdtyView national average Cash Bean price is up 8 1/4 cents at $11.23 1/4. Soymeal futures are down $3.70 to $6.40 across the front months, with Soy Oil futures up 123 to 135 points Crush...

The wheat complex is holding higher on Wednesday, after retreating from early highs. Chicago SRW futures are trading with 1 to 3 cent gains at midday. KC HRW futures are 7 to 8 cents in the green on Wednesday. MPLS spring wheat is 4 to 7 cents higher in the...

Corn price action is up 1 to 2 ½ cents in the front months early on Wednesday. Futures closed the Tuesday session with contracts 3 ¼ to 6 ½ cents higher, as spillover support from the wheat market is supportive. Open interest was up 6,779 contracts on Tuesday, suggesting net...

Wheat is trading at new highs early on Wednesday, with gains across the board. The wheat complex posted a double digit rally across the three exchanges on Tuesday. Chicago SRW futures were 17 to 28 1/4 cents higher on Tuesday. Open interest was down 1,644 contracts on Tuesday. KC HRW...

Soybeans are trading with 4 to 5 cent gains so far on Wednesday morning. Futures closed the Tuesday session with front months down 1 to 4 ¼ cents in the front months and fractionally to 1 ¼ cents higher in the deferreds. Preliminary open interest was down 38,061 contracts in...

I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Last week I wrote about the gap higher in the Kansas City wheat (Hard Red Winter Wheat) chart pattern. I predicted it would continue to go higher and looking at the...

Soybeans closed the Tuesday session with front months down 1 to 4 ¼ cents in the front months and fractionally to 1 ¼ cents higher in the deferreds. The cmdtyView national average Cash Bean price was down 1 1/4 cents at $11.15. Soymeal futures were down $0.40 to $1.50 across...