Xmas Presents for Producers

The December WASDE report sent nearby March corn futures rallying to multi-week highs following a surprise cut in ending stocks and bolstered domestic export projections.

There is little to hash out.  The industry is changing and higher prices are expected to quicken the change.  Higher prices will cure high prices.  What we are testing at the moment is how high that price has to be.

Soybean futures are holding onto gains at Tuesday with contracts fractionally to 2 cents higher. CmdtyView’s national front month Cash Bean price is back down 1 1/2 cents at $9.43. Soymeal futures are up $2.10/ton at the close. There were another 200 deliveries issued by Bunge’s house account overnight. Soy...

Corn bulls are feeling merry as the market trades through midday. Futures are trading with gains of 3 ¼ to 5 cents across the nearbys so far. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.18 1/2. The monthly WASDE report from this morning...

The wheat complex is posting gains across the three markets on Tuesday’s midday. Chicago SRW futures are 1 ½ to 4 cents higher. There were 3 deliveries issued against December CBT wheat futures overnight. KC HRW contracts are up 4 to 5 cents so far on the day. MPLS spring...

Crop Production - 2024-12-10

WASDE - 2024-12-10

Grain markets have had a choppy start to the week as traders await new news from the USDA. Here’s a few things to keep an eye on for today’s trade

Soybean futures are back up 3 to 5 cents so far on Tuesday. The soybean market posted Monday losses of ¼ to 3 3/4 cents across the nearbys, with a few deferreds steady to fractionally higher. CmdtyView’s national front month Cash Bean price was back down 3 3/4 cents at...

The corn market is showing fractional losses so far on the Tuesday session. Corn futures rounded out the Monday session with some buying ahead of the USDA reports set for Tuesday. Contracts were up 1 to 3 ¼ cents. The national average Cash Corn price from cmdtyView was up 1...

Th wheat complex is showing fractional to 3 cent losses across the three markets in early trade. Wheat posted some strength across the three markets on Monday. Chicago SRW futures were 1 ½ to 2 3/4 cents higher, with December an exception on thin trade. There were 3 deliveries issued...