Stout cash leaves discounted futures vulnerable to move towards.  New contract highs in most contract months

Beans Waver Above 10.60 March

This interview with Darin Newsom discusses the recent gains in grain and livestock futures markets.

Soybeans are trading with midweek losses of 5 to 13 cents across the nearbys on Wednesday CmdtyView’s national front month Cash Bean price was up 33 cents at $10.07 ½. Soymeal futures were $3.40/ton higher on the session. Soy Oil were back down 114 points on the session. Late on...

The corn market is trading with 2 to 7 cent losses in most contracts on Wednesday, as futures pull back from recent strength. The national average Cash Corn price from cmdtyView is up 6 3/4 cents at $4.48 1/4. USDA reported a private export sale of 136,000 MT of corn...

The wheat complex is trading with losses across the three exchanges at Wednesday’s midday. The Chicago SRW market is 5 to 6 cents lower so far. KC HRW contracts are down 2 to 3 cents in the nearbys on Wednesday. MPLS spring wheat futures are fractionally to 2 cents in...

The wheat complex is trading with gains across the three exchanges to start Wednesday. Wheat rallied across the three markets on Tuesday, as the US dollar index fell 1.443 on the day to provide some support. The Chicago SRW market was 19 to 21 cents higher on the day. KC...

The corn market is showing a slight pull back to start Wednesday, with contracts fractionally to 1 ¼ cents lower. Corn futures posted 3 to 7 cent gains on Tuesday, as nearby March closed a dime off $5 and other nearbys close near that mark. The national average Cash Corn...

Soybeans are holding near unchanged so far on Wednesday morning, with contracts fractionally higher. The soybean market posted 20 to 34 cent gains on Tuesday, as South American weather and easing trade talk provided support. CmdtyView’s national front month Cash Bean price was up 33 cents at $10.07 ½. Soymeal...

Grain markets surged higher in Tuesday’s trade but have spent the overnight and early morning trade catching their breath with prices flat to slightly lower. More upside to come or has the rally hit a snag?

The commodity complex in general took a breather overnight, not overly surprising given recent moves made by many markets.

Corn futures posted 3 to 7 cent gains on Tuesday, as nearby March closed a dime off $5 and other nearbys close near that mark. The national average Cash Corn price from cmdtyView was up 5 3/4 cents at $4.55 3/4. Export Inspections data showed a total of 1.541 MMT...