Crop Progress - 2024-09-23

The work done on Thursday and Friday of last week is believed adequate for what is currently known.  Futures traders didn't disappoint in narrowing basis back for producers to market into.

Taking a look at the things I am watching in the bean market and why it's possible we could be closer to long-term support than resistance.

The wheat complex is trading with gains across the three exchanges on Monday. Chicago SRW futures are up 14 to 15 cents on the day. KC HRW is posting 13 to 14 cent gains at midday. MPLS spring wheat is 8 to 10 cents higher on Monday. The weekly shipment...

Corn futures are showing 9 to 10 ¼ cent gains across the front months on Monday’s midday. The national average Cash Corn price from cmdtyView is up 10 ½ cents at $3.79 3/4 per bu. This morning’s Export Inspections report showed a total of 1.102 MMT (43.42 mbu) of corn...

Soybeans are starting off the week with sharply higher trade on Monday, as contracts are up 22 to 24 cents across the front months. CmdtyView’s national front month Cash Bean price is up 22 ½ cents at $9.73 3/4. Soymeal futures are trading with $7.70/ton gains in the nearby October...

Low-Cost Options, With Limited Risk

Grain futures have started the week with a bang, trading to significant resistance levels. Will prices be able to breakout?

Grains are higher to start the last full trading week of the quarter. Can strength continue through the week.

Wheat futures are rallying across the three exchanges on Monday morning, double digits in some cases. The wheat complex saw mixed action across the three markets on Friday.Chicago SRW futures were up fractionally to 3 cents on the day, as December was down 26 ¼ cents week. KC HRW posted...

Soybeans are trading with 13 to 14 ½ cent gains so far to start the week. They ended the Friday session with slight 1 ¼ to 5 cent losses, as midday gains failed to hold. November managed to close 5 ¾ cents higher week/week. CmdtyView’s national front month Cash Bean...

Corn prices are starting off the Monday session with sharp 6 to 7 cent gains. Futures rounded out the Friday session with losses of 2 to 4 ¼ cents and near the session lows. December was down 11 ½ cents on the week. The national average Cash Corn price from...