January 27/March 27 Options Discussed

There is not a great deal to discuss.  Consumers appear more impacted by the 5 years of inflation, the persistent and elevated rate of inflation, and most recently a significant rise in commodity inflation, than cattlemen anticipated.

The wheat complex are trading with contracts higher across the three exchanges on Wednesday. Chicago SRW futures are trading with 1 to 2 cent gains on the midweek session. KC HRW futures are up 2 to 3 cents on Wednesday. MPLS spring wheat is trading with 1 to 2 cent...

Corn futures are up 3 to 4 cents so far on Wednesday. May options expire on Friday. The CmdtyView national average Cash Corn price is up 3 1/4 cents at $4.21 3/4. USDA reported a private sales of 2025/26 corn to unknown destinations this morning, totaling 130,000 MT. Weekly EIA...

Soybeans are trading with 4 to 5 cent losses in the front months on Wednesday’s midday. The cmdtyView national average Cash Bean price is down 4 1/4 cents at $11.06 1/2. Soymeal futures are down $1 to $2 so far on the day, with Soy Oil futures back down 42...

Wheat is trading with early Wednesday weakness. The wheat complex was back in rally mode with gains across the three markets on Tuesday. Chicago SRW futures were 5 to 8 cents higher on the session. Open interest was down 4,723 contracts on Tuesday. KC HRW futures saw 7 ½ to...

Soybeans prices are 1 to 4 cents so far on Wednesday. Futures were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. Open interest was down 2,142 contracts on Tuesday, mostly in the front months,...

Corn price action is up 2 to 3 cents in most contracts. Futures closed the Tuesday trade with contracts 1 ½ to 3 cents higher on the session. Preliminary open interest was down 3,986 contracts, mostly rolling out of May, down 28,957. May options expire on Friday. The CmdtyView national...

I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. I really like this chart for July 2026 Kansas City wheat (Hard Red Winter Wheat). Seven days ago it gapped higher and keeps going higher. This is bullish in my opinion....

Soybeans were in rally mode on Tuesday, with bean oil continuing to pull the market higher, up 6 ¾ to 9 1/4 cents on the beans. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $11.11 3/4. Soymeal futures were down $2.10 to 20 cents higher...

Corn futures closed the Tuesday trade with contracts 1 ½ to 3 cents higher on the session. The CmdtyView national average Cash Corn price was up 2 1/4 cents at $4.18 1/2. USDA reported two private sales of 2025/26 corn this morning one of 100,000 MT to Colombia and another...

The wheat complex was back in rally mode with gains across the three markets on Tuesday. Chicago SRW futures were 5 to 8 cents higher on the session. KC HRW futures saw 7 ½ to 9 ¾ cent gains on the day. MPLS spring wheat was up 3 to 11...