In my opinion, a whole lot of market action took place this week for which most had no answer for, myself included.

Agricultural Prices - 2024-09-27

Corn futures are trading with gains across the board on Friday, as contracts are up 3 to 5 ½ cents in the nearbys. The national average Cash Corn price from cmdtyView is up 5 1/2 cents at $3.85 1/4 per bu. Heading into Monday, the average trade estimate from a...

Wheat futures are stuck at Friday’s midday with weakness, as all three exchanges are lower. Chicago SRW futures are down 4 cents in the nearbys. KC HRW contracts are 2 to 4 cents lower across the front months at midday. MPLS spring wheat is down 2 to 3 cents on...

Soybeans are putting on a rally at Friday’s midday, with contracts up 20 to 25 ½ cents in the front months. CmdtyView’s national front month Cash Bean price is back up 25 1/4 cents at $10.05. Soymeal is the real reason for the rally, with futures up $18.80/ton for the...

Corn prices are showing mixed trade on Friday AM, with nearby December up ¼ cent and other front months fractionally lower. Futures ended the Thursday session with fractional to 2 ½ cent losses across the board. The national average Cash Corn price from cmdtyView was down by 2 1/4 cents...

Soybean prices are up fractionally to 1 ½ cents across the front months on Friday morning. Futures rounded out what started as positive trade on Thursday with 8 to 11 ¾ cent losses across most contacts. CmdtyView’s national front month Cash Bean price was down 12 1/4 cents at $9.80...

Wheat futures are showing losses across the markets on Friday morning. The wheat complex closed out Thursday with losses across the three exchanges. Chicago SRW futures were down 2 to 5 to close the day. KC HRW contracts were fractionally to 2 cents lower across the board. MPLS spring wheat...

Corn futures ended the Thursday session with fractional to 2 ½ cent losses across the board. The national average Cash Corn price from cmdtyView was down by 2 1/4 cents at $3.80 3/4 per bu. Another private export sale of 115,000 MT was reported to Mexico by the USDA via...

The wheat complex closed out Thursday with losses across the three exchanges. Chicago SRW futures were down 2 to 5 to close the day. KC HRW contracts were fractionally to 2 cents lower across the board. MPLS spring wheat was down 4 to 5 ½ cents on the session. All...

Soybean futures rounded out what started as positive trade on Thursday with 8 to 11 ¾ cent losses across most contacts. CmdtyView’s national front month Cash Bean price was down 12 1/4 cents at $9.80 3/4. Soymeal futures were $1.10 to $1.90/ton lower at the close. Soy Oil futures were...

Price action today is pretty much unexplainable, without some conspiracy theories.