Coffee broke through the top of the upward channel in mid-November and moved aggressively higher over the next few weeks.  The past few weeks Coffee has appeared to top out and seems most likely to retest the breakout point. In addition to the technical view, there are several other indicators that point to extreme levels in the Coffee market.

IKAR lower Russia's wheat exports

Fasten your seatbelts!

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 cents higher on the week. KC HRW contracts closed posted 3 to 3 1/2 cent gains across the board, as...

Corn futures extend 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 on the week. The national average Cash Corn price from cmdtyView was up ½...

Soybeans closed out the Friday session with contracts in retreat mode from the Thursday rally, as contracts were down 3 ¾ to 8 cents across the board. January was up 5 ½ cents on the week. CmdtyView’s national front month Cash Bean price was down 7 1/4 cents at $9.30...

Have the Cattle Markets Outkicked Their Coverage?

The wheat market is showing midday gains across the three markets on Friday. Chicago SRW futures are up 4 to 5 1/2 cents so far on the session. KC HRW contracts closed are showing 3 to 4 cent gains across nearbys. MPLS spring wheat futures are 1 to 3 cents...

Corn futures are trying to extend their 6-month highs at Friday’s midday, with contracts up fractionally to 1 ½ cents across the front months. The national average Cash Corn price from cmdtyView is up a penny at $4.25 1/4. Export Sales data showed a total of 1.711 MMT of 2024/25...

Soybeans are trading with 4 to 6 cent losses as futures trade through midday. CmdtyView’s national front month Cash Bean price is down 5 1/4 cents at $9.32 3/4. Soymeal futures are putting the short covering on pause for Friday, with contracts back down $2.70/ton. Soy Oil futures are trading...

Grain futures moved higher in Thursday’s trade which has reinvigorated the hopes and dreams of a bigger rally to start a new year. Is that realistic or is this an opportunity for sellers to pounce?

Wheat is trading with contracts lower across the three exchanges. The wheat market pushed higher across the three markets on Thursday. Chicago SRW futures were up 4 ¾ to 7 cents on the session. KC HRW contracts closed with 7 to 8 cent gains across the board. MPLS spring wheat...