Soybeans are trading with 5 to 10 cent gains in the nearby contracts on Monday. CmdtyView’s national front month Cash Bean price is up 9 ¾ cents at $9.22. Soymeal futures are back up $3.10/ton on the day. Soy Oil contracts are up 38 points the session. USDA reported private...

Despite these heavy purchases, each of these markets have continued to drift lower. When hedge funds begin to close out these new longs, each of these markets will be under significant pressure.

Grain futures had a rough end to last week’s trade, but a flurry of flash sales for corn and beans have helped markets find their footing to start the week.

Low-Cost Options, With Limited Risk

Despite a weaker trade into the weekend, grain markets have found their footing in the early morning trade. These are the levels to keep an eye on through the week.

Wheat is edging slightly higher across the three main markets on Monday. The wheat complex is fell to weakness on Friday across all three exchanges. Chicago SRW futures were down 10 ¾ to 17 cents on the day, with December losing 26 ¼ cents on the week. KC HRW contracts...

Corn prices are posing slight fractional gains so far on Monday. Futures closed out the Friday session with contracts down fractionally to 2 ½ cents across the board. December was down 11 cents (2.65%) on the week. The national average Cash Corn price from cmdtyView was down 1 1/2 cents...

Soybeans are trading with Monday AM gains of 2 to 4 cents so far. They posted losses of 7 ¾ to 18 ¾ cents across the board on Friday, as futures closed near the lows of the session. November lost 35 ½ cents on the week (3.53%). CmdtyView’s national front...

Soybeans Close Near Yesterday's Lows - Cattle Markets settled Higher, But Looked Weak

Soybean Oil has been riding the downward channel to lower levels.  Despite the continued move down in price, hedge funds have the largest net longs for the past 52 weeks. Hedge funds have an estimated 29,346 net long contracts as of the Friday close.  That is over 67,000 contracts above the average net short position of (37,657) and over 122,000 above the lowest level of the past year.

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