Wheat Retraces but Support Holds for Now

Corn futures are showing losses of 4 to 5 ½ cents across the front months so far on Thursday. The front month national Cash Corn price from cmdtyView is down 5 ½ cents at at $3.73 per bu. This morning's Export Sales report indicated 847,350 MT in corn bookings during...

The wheat complex is posting losses across the board on Thursday.Chicago SRW futures are down 8 to 9 cents so far on the day. KC HRW is posting 10 to 12 cent lower trade. MPLS spring wheat is showing 8 to 9 cent losses. Thursday morning’s Export Sales report showed...

Soybean futures are posting 1 to 2 cent gains so far on Thursday with solid export bookings is this morning’s report. CmdtyView’s national front month Cash Bean price is up 1 ¼ cents at $9.54 3/4. Front month Soymeal futures are up $1.40/ton. Soy Oil futures are up 88 points...

Soybean futures are trading with Thursday morning weakness of 2 to 3 cents. They fell to just slight midday gains on Wednesday, but bulls found some late session strength to close with 5 to 8 cent gains. CmdtyView’s national front month Cash Bean price was up 8 ¼ cents at...

Futures are starting off the Thursday session with 4 to 6 cent lower trade. The wheat complex saw steady to lower trade on the Wednesday session, backing off from the early morning strength. Chicago SRW futures were unchanged in most contract, with March down ¼ cent. KC HRW showed fractional...

Corn prices are kicking off the Thursday session with losses of 2 to 2 ½ cents. Futures faded off the early Wednesday session strength at midday, but contracts closed with steady to fractional gains on the day. A few deferreds were down ¼ to ½ cents. The front month national...

Grain markets were weaker in the overnight and early morning trade. More downside to come or is this a buying opportunity?

Wheat Retraces but Support Holds for Now

I find it more than interesting the Fed cut rates by a half.  I say that due to my initial analysis of economic government reports not reflecting the inflation impact on most consumers.

Slow day - Fed's 1/2 point cut and absurd Soybean prices

The wheat complex is showing lower trade as we head through the midday session, backing off from the early morning strength. Chicago SRW futures are down 1 to 2 cents at midday. KC HRW is showing 2 to 3 cent lower trade. MPLS spring wheat is 2 to 4 cents...