In my opinion, this week's trade was influenced as much by headlines as much as fundamentals.  With the port strike being at least temporarily resolved while negotiations continue, It takes one of the unknowns out that had many producers concerned about shipping logistics and how beef movement would have been affected by an extended strike.

Meal on the Defensive to End the Week

Corn futures are falling on Friday, after bulls gained ground in the first half of the week. Contracts are down 3 to 4 cents in the nearbys at midday. Additional pressure is coming via a weaker wheat market and a stronger US dollar index. The national average Cash Corn price...

Soybeans are trading with midday losses of 5 to 6 cents so far on Friday. CmdtyView’s national front month Cash Bean price is down 5 3/4 cents at $9.77 1/4. Soymeal is down 80 cents to $2.20/ton across the nearby contracts. Soy Oil futures are down 48 points on the...

After a higher start to the week, wheat futures are fading off on the Friday session with losses across the three markets. Chicago SRW futures are down 14 to 15 cents across front months. KC HRW contracts are 13 to 14 cents lower on the day. MPLS spring wheat is...

The grain sector of the commodities market recovered in Q3 but remains the worst-performing sector of the commodities market over the first nine months of 2024. Grain prices have moved substantially lower from the 2022 high, and the recent price action could be a sign of significant bottoms.

A role reversal this morning with corn and wheat lower and beans trading into positive territory. These are the levels to keep an eye on in the final trading day of the week.

Soybeans are trading with 2 to 3 cent gains on Friday morning. Bulls put on a midday push on Thursday but failed to hold the pop off the lows into the close, as contracts were down 6 ½ to 10 cents. CmdtyView’s national front month Cash Bean price was down...

Futures are kicking off the Friday session with losses across the three markets. Wheat posted Thursday losses across the three markets. Chicago SRW futures were down 5 to 11 ¾ cents across the board. KC HRW contracts were 4 to 7 3/4 cents lower on the day, with a few...

Corn prices are starting off the Friday session with losses of 4 to 4 ½ cents. Futures took a break from this week’s rally, as contracts pulled back by 1 to 4 ¼ cents across the board, led by the nearbys. The national average Cash Corn price from cmdtyView was...

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

Corn futures took a break from this week’s rally, as contracts pulled back by 1 to 4 ¼ cents across the board, led by the nearbys. The national average Cash Corn price from cmdtyView was down 4 1/4 cents at $3.96 1/4 per bu. Dryness for much of the US...