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Shootin' the Bull about converging basis with futures
Grain
November 15, 2024
From 
Chris Swift
 via 
Barchart

Shootin' the Bull about converging basis with futures

Farmer feeders may be on the forefront of this with corn having traded lower this week.  Whatever it is that sparked the buying, it is being done in the face of a new administration that is hellbent on lowering inflation.  So far, under just the aspects of his administration coming to power, the US dollar has soared nearly 7% in as many weeks, with bonds continuing to sell off this week.
Wheat Getting a Week-End Bounce
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Wheat Getting a Week-End Bounce

The wheat complex is getting a Friday bounce following a week of losses. Chicago SRW futures are up 9 to 10 cents across the nearbys so far on the day. KC HRW contracts are posting gains of 7 to 9 cents at midday. MPLS spring wheat is up 8 to...
Soybeans Rebounding on Friday, with Record Crush Data
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Soybeans Rebounding on Friday, with Record Crush Data

Soybean bulls are fighting back on Friday, as contracts are up 12 to 15 cents across the front months at midday. CmdtyView’s national front month Cash Bean price is up 15 cents at $9.50 ½. The products are playing a supportive role today, with Soymeal futures up $1.80/ton and Soy...
Corn Bouncing on Friday, Despite Sales on Low Side of Estimates
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Corn Bouncing on Friday, Despite Sales on Low Side of Estimates

The corn market is getting a pre-weekend bounce on Friday, as contracts are up 4 to 5 cents across the neatbys. The national average Cash Corn price from cmdtyView is up 5 cents at $4.00 ½ per bu. Export Sales data from this morning indicated corn sales totaling 1.315 MMT,...
Soybeans Bouncing on Early Friday Trade
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Soybeans Bouncing on Early Friday Trade

Soybeans are posting 7 to 9 cent gains so far on Friday morning. They failed to react to a USDA export sale this morning, as contracts closed with losses of 13 ¾ to 20 ¼ cents, as November rolled off the board. Preliminary open interest showed net new selling, up...
Wheat Showing Early Friday Bounce
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Wheat Showing Early Friday Bounce

Wheat is trading the slight gains across the board on Friday morning. The wheat complex bears were busy selling back to near the lows from August on Thursday. Chicago SRW futures were down 8 1/4 to 10 3/4 cents across the board on the day. Preliminary open interest was up...
Corn Showing Fractional Rebound to Begin Friday
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Corn Showing Fractional Rebound to Begin Friday

Corn is showing fractionally higher action so far on Friday morning. Futures were in a risk off approach on Thursday, joining most of the other commodities. Contracts closed with losses of 2 to 7 ½ cents across the board. Preliminary open interest indicated net new selling, up 20,941 contracts, with...
Did the Full Moon and "Shooting Star" Influence Markets Overnight?
Grain
November 15, 2024
From 
Darin Newsom
 via 
Barchart

Did the Full Moon and "Shooting Star" Influence Markets Overnight?

The US enjoyed the view of a full moon Thursday night through Friday morning, though market attention was focused on the Shooting Star pattern completed by the US dollar index yesterday.
Is Wall Street Bullish or Bearish on Corteva Stock?
Grain
November 15, 2024
From 
Aditya Sarawgi
 via 
Barchart

Is Wall Street Bullish or Bearish on Corteva Stock?

Corteva has underperformed the S&P 500 over the past year, yet analysts remain moderately bullish on the stock’s prospects.
Wheat Closes at 11-week Low
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Wheat Closes at 11-week Low

The wheat complex bears were busy selling back to near the lows from August on Thursday. Chicago SRW futures were down 8 1/4 to 10 3/4 cents across the board on the day. KC HRW contracts posted losses of 7 ¾ to 9 ¼ cents at the close. MPLS spring...
Corn Falls Lower Despite Record Ethanol Production
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Corn Falls Lower Despite Record Ethanol Production

Corn was in a risk off approach on Thursday, joining most of the other commodities. Contracts closed with losses of 2 to 7 ½ cents across the board. The national average Cash Corn price from cmdtyView was down 7 1/4 cents at $3.94 1/2 per bu. Weekly data from the...
Soybeans Collapse into Thursday’s Close
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Soybeans Collapse into Thursday’s Close

Soybeans failed to react to a USDA export sale this morning, as contracts closed with losses of 13 ¾ to 20 ¼ cents. CmdtyView’s national front month Cash Bean price was down 20 cents at $9.35 ¾. The products played a pressure role, with Soymeal futures down $3.20 to $5.10/ton...