Costs continue to rise to produce a pound of beef.  Whether the feeder steer, corn, fuel, or interest rates, all are elevated with expectations for some to continue higher.

A breakdown of what to watch as we end this year and head into next.

Corn futures are pulling back from the overnight strength on Monday, with contracts down 2 to 3 cents at midday. The national average Cash Corn price from cmdtyView is down 3 cents at $4.22 1/2. This morning’s Export Inspections report indicated a total of 878,380 MT (34.58 mbu) of corn...

Wheat is trading with contracts mixed across the three markets on Monday. Chicago SRW futures are up 1 to 2 cents on the session. KC HRW contracts are slipping with fractional losses at Monday’s midday. MPLS spring wheat futures are 1 to 3 cents lower so far on Monday. Export...

Soybeans are retreating at Monday’s midday, with contracts falling 2 to 4 cents in the nearbys and some deferreds slightly higher. CmdtyView’s national front month Cash Bean price is down 3 3/4 cents at $9.26. Soymeal futures were pushing higher early this morning but are backing off to unch at...

Low-Cost Options, With Limited Risk

Grain markets are on the verge of closing out another strong December. These are the levels to watch into the final days of the year.

Soybeans are resuming their strength on Monday morning, as contracts are up 7 to 9 cents in the nearbys. More short covering in the meal market, up $5.60/ton is helping. Beans closed out the Friday session with contracts in retreat mode from the Thursday rally, as contracts were down 3...

Wheat is trading with contracts higher across the three markets to kick off the last couple days of the year. The wheat market posted gains across the three markets on Friday. Chicago SRW futures were up 3 ¾ to 5 1/2 cents on the session, as March was 13 ½...

Corn price action has contracts trading with 3 to 4 cent gains on Monday morning. Futures extended their 6-month highs on Friday, as contracts closed higher in the nearbys, up ¼ to a penny. Deferred contracts were steady to 1 ¼ cents lower. March managed a 7 ¾ cent gain...

With the end of the year, month, and fiscal quarter for financial markets nearing an end the spotlight turns to possible warning flags over US stock indexes.

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