Beans Dip Slightly

Crop Progress - 2024-09-30

Looking at the market developments I am watching this week that are likely to have the greatest influence on price.

Soybeans are showing just slightly mixed trade at Monday’s midday. CmdtyView’s national front month Cash Bean price was down 3 cents at $10.01. Soymeal is up $2/ton so far on the day. Soy Oil futures are trading 80 points higher. USDA reported a private export sale of 116,000 MT of...

Wheat futures are showing slightly higher trade so far on Monday, the three exchanges pushing higher. Chicago SRW futures are up 5 cents in the nearbys. KC HRW contracts are up 6 to 7 cents at midday. MPLS spring wheat is up 11 to 12 cents in the front months...

Corn futures are posting 4 to 6 ½ cent gains so far on the Monday session, following a bull friendly USDA release. The national average Cash Corn price from cmdtyView is up 4 cents at $3.89 per bu. This morning’s Grain Stocks report showed a surprising 1.76 billion bushels of...

Once again, the majority of the Grains industry seemed to forget what it learned in Econ 101.

Grain Stocks - 2024-09-30

Today marks the end of the day and end of the quarter, but there are also a few other key events this week that could influence market action.

Low-Cost Options, With Limited Risk

Soybeans are trading with 5 to 6 ½ cent losses so far on Monday. They got some support from the solid side of the products on Friday, with contracts up 11 to 24 ¾ cents across the board. November ended the week with a 53 ¾ cent gain since last...

Corn futures closed out the week, with contracts up 2 ¼ to 4 ¾ cents across the board. December was up 16 ¼ cents (4.04%). The national average Cash Corn price from cmdtyView was up 5 cents at $3.85 3/4 per bu. Commitment of Traders data from CFTC showed specs...