Wheat continued their strength on Wednesday, rallying throughout the session. Chicago SRW futures were up 15 ½ to 17 ¾ cents across the board. KC HRW contracts posted a 18 ½ to 21 cent rally across the front months on the day. MPLS spring wheat settled with 9 to 14...

Soybeans ended the Wednesday session with mixed trade, as front months were steady to 1 ¼ cents lower and deferreds up ½ to 1 ½ cents. CmdtyView’s national front month Cash Bean price was down 1 1/2 cents at $9.93. Soymeal added some pressure to things, as contracts were down...

Corn futures closed out the midweek session with contracts up ½ to 3 ½ cents across the board. Spillover support from wheat helped bulls to push things higher. The national average Cash Corn price from cmdtyView was up 4 cents at $4.00 1/2 per bu. Weekly Export Sales data is...

I See Opportunity in The Coming WASDE Report

Managed money began liquidating their record short positions in mid-July. Prices declined until late August when a potential seasonal low was $3.85. Producers of unpriced stored carry-over corn have patiently waited for this speculative short-covering rally to sell into. Could producers get a more substantial rally than expected and hedge at significantly higher prices? What could that catalyst be?

Today's strength in the livestock futures was impressive with fats, feeders and hogs all posting solid gains.  The November contract led the way closing up $3.72 @ 248.40.  In the fats, the December contract closed up $2.32, retracing the entirety of the August selloff and closing over $14 from the low posted on 8/21.

Wheat is continuing its strength on the Wednesday session, with each of the three markets up by double digits. Chicago SRW futures are up 13 to 15 cents across the front months. KC HRW contracts are showing 18 to 19 cent gains on the day. MPLS spring wheat is trading...

Soybeans are being held back by losses in bean meal at midday, with contracts off the lows but still down 1 to 4 cents. CmdtyView’s national front month Cash Bean price is down 3 1/4 cent at $9.91 1/4. Soymeal is pulling back on Wednesday, with contracts down $5.60 to...

Corn futures are extending the strength into the midweek session as contracts are up 2 ¾ to 3 ¼ cents in the nearbys. The national average Cash Corn price from cmdtyView is up 2 3/4 cents at $3.99 1/4 per bu. The weekly EIA report showed ethanol production at 1.015...

Soybeans are trading with 8 to 10 cent losses so far on Wednesday morning, as nearby Meal is down $12.50/ton. Beans settled the Tuesday session with contracts up fractionally to 1 3/4 cents. CmdtyView’s national front month Cash Bean price was down 1/4 cent at $9.95 3/4. Soymeal continued to...

Corn prices are pushing higher into the midweek session, as contracts are up 2 to 2 ¼ cents. Futures extended the rally into Tuesday following the Monday strength. Contracts were up 2 ¾ to 5 ¼ cents across the board. The national average Cash Corn price from cmdtyView was up...

Wheat is extending its strength into the Wednesday session, with each of the three markets up. Futures put on a rally across all three exchanges on Tuesday. Chicago SRW futures were up 11 ½ to 16 cents across the board at the close. KC HRW contracts closed with gains of...