Grain markets were lower overnight but are attempting to find some traction in the early morning trade, here are a few things we are looking at as we start a new month of trade.

Today marked the end of the quarter, coupled with a USDA report we saw a choppy trade in the markets. Here’s a summary of today’s closing prices and major headlines.

Soybeans are trading with Tuesday morning weakness of 8 to 9 cents. They posted 3 to 8 ¾ cent losses across the board on Monday following slightly higher trade at midday. CmdtyView’s national front month Cash Bean price was down 9 3/4 cents at $9.95 ¾. Soymeal was mixed on...

Wheat is ticking slightly higher on Tuesday AM trade across the three exchanges. Futures saw gains across all three exchanges on Monday following some friendlier USDA data. Chicago SRW futures were up 2 ½ to 4 ¾ cents across the board. KC HRW contracts were up 3 to 7 cents...

Corn prices are pulling back to begin the Tuesday session, with contracts down just fractionally to 1 ¼ cents. Futures closed out the Monday session with nearby contracts up 5 to 6 ¾ cents, and deferred contracts down a penny to 2 ¼ cents higher. The national average Cash Corn...

Hogs and cattle consolidate

Today marked the end of the quarter, coupled with a USDA report we saw a choppy trade in the markets. Here’s a summary of today’s closing prices and major headlines.

Wheat futures saw gains across all three exchanges on Monday following some friendlier USDA data. Chicago SRW futures were up 2 ½ to 4 ¾ cents across the board. KC HRW contracts were up 3 to 7 cents on the day. MPLS spring wheat led the rally, with 9 ½...

Soybeans posted 3 to 8 ¾ cent losses across the board on Monday following slightly higher trade at midday. CmdtyView’s national front month Cash Bean price was down 9 3/4 cents at $9.95 ¾. Soymeal was mixed on the day, with October up 60 cents/ton and other contracts down $2.30...

Corn futures closed out the Monday session with nearby contracts up 5 to 6 ¾ cents, and deferred contracts down a penny to 2 ¼ cents higher. The national average Cash Corn price from cmdtyView was up 5 cents at $3.90 3/4 per bu. This morning’s Grain Stocks report showed...

The Next Couple of Weeks Could Bring Large Price Swings

Last week's higher cash trade on Friday surprised many traders with mostly $1-2 higher in the south and $2-3 higher in the north.  It was on light volume and given the increase in weights and boxes below $300, I think the cash trade needs follow through this week to give any confirmation of a breakout higher.