The corn market is trading with 1 to 2 cent losses on Thursday morning, Corn futures felt pressure from soybean spillover weakness on Wednesday, as contracts were down 3 ¼ to 6 ¼ cents at the close. The national average Cash Corn price from cmdtyView was down 6 cents at...

Soybeans are trading near unchanged to kick off Thursday after the Wednesday collapse. The soybean market broke out to the downside on Wednesday, as decent Brazilian weather, uncertainty around trade in the coming months, and weaker products continued to add pressure. Contracts closed with losses of 18 to 26 cents...

The soybean market broke out to the downside on Wednesday, as decent Brazilian weather, uncertainty around trade in the coming months, and weaker products continued to add pressure. Contracts closed with losses of 18 to 26 cents on the day. CmdtyView’s national front month Cash Bean price was down 25...

Corn futures felt pressure from soybean spillover weakness on Wednesday, as contracts were down 3 ¼ to 6 ¼ cents at the close. The national average Cash Corn price from cmdtyView was down 6 cents at $4.08 1/4. The USDA reported a private export sale of 135,000 MT of corn...

Wheat closed out Wednesday with weakness across the three markets. Chicago SRW futures were down 1 to 3 3/4 cents in the nearbys and up slightly in the deferreds. KC HRW contracts were 2 ¾ to 3 3/4 cents lower on the day. MPLS spring wheat futures settled 3 to...

Well, Hope You Sold Some Cattle Today. Tomorrow Will Be Interesting

A softer tone developed today.  The obvious continues to be stated.  We know we are short of cattle.  We know the commodity funds are long at a historical level with prices at historical levels.

We discuss the disappointing state of Hard Red Spring wheat prices as of December 18, 2024. Using the March 25 futures contract for the Minneapolis Hard Red Spring wheat, he notes that prices have struggled to stay above $6.00, remaining below this psychologically important level for three weeks and currently trading at $5.94.

Wheat is trading with a pull back so far on Wednesday. Chicago SRW futures are down 1 to 3 cents at midday. KC HRW contracts are 2 to 4 cents lower so far on the day. MPLS spring wheat futures are fractionally to 2 cents in the red so far...

Corn futures are feeling pressure on Wednesday, with contracts down 5 to 6 cents at midday. The national average Cash Corn price from cmdtyView is down 5 ¾ cents at $4.09 ½. The USDA reported a private export sale of 135,000 MT of corn to Columbia this morning for 2024/25...

The soybean market is falling on Wednesday with lack of much anything bullish, as decent Brazilian weather, uncertainty around trade in the coming months, and weaker products are adding pressure. Contracts are down 23 to 25 cents so far at midday. CmdtyView’s national front month Cash Bean price was down...

Soybeans broke down to start the week which has continued to add technical pressure to prices. Corn and wheat have been able to hold their own. Will that continue or will there be a reversion to the mean?