Beans are showing 4 to 6 cent gains so far on the Thursday session, as sales continue to improve and a cut to the Canadian canola crop are giving the bulls a spike. CmdtyView’s national front month Cash Bean price is back up 5 ¾ cents at $9.40 1/2. Soymeal...

Corn is posting 4 to 5 cent gains at the midday session on Thursday, as Export Sales data was better than expected. There were no deliveries issued against December corn overnight. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.07. This morning’s Export Sales...

After a weaker Wednesday, Thursday morning trade shows gains of 1 to 2 cents. Soybeans rounded out the midweek session with contracts closing 7 to 8 cents in the red. Preliminary open interest was up 5,651 contracts on Wednesday. CmdtyView’s national front month Cash Bean price is back down 8...

Wheat is trading with 3 to 6 cent gains across the three markets on Thursday morning. The wheat complex closed out the Wednesday session mixed across the three exchanges. Chicago SRW futures were fractionally to 1 ¼ cents higher in the front months. There were 20 deliveries issued against December...

The corn market is showing fractional losses so far on Thursday morning. Corn slid lower on Wednesday, as contracts closed with losses of 1 to 2 ½ cents in the nearby contracts on the day. There were no deliveries issued against December corn overnight. The national average Cash Corn price...

After a weaker Wednesday, Thursday morning trade shows gains of 1 to 2 cents. Soybeans rounded out the midweek session with contracts closing 7 to 8 cents in the red. Preliminary open interest was up 5,651 contracts on Wednesday. CmdtyView’s national front month Cash Bean price is back down 8...

Despite the high carry yield, front month Corn is much closer to its lowest level versus the highest over the past few years. Corn has broken through the declining trendline but has done so in a very unconvincing fashion. Lean Hogs, on the other hand, has been moving higher since mid July while riding steadily up the rising trendline.

The wheat complex closed out the Wednesday session mixed across the three exchanges. Chicago SRW futures were fractionally to 1 ¼ cents higher in the front months. KC HRW contracts were up fractionally, with December 3 cents higher at the close. MPLS spring wheat posted fractional losses across most contracts...

Soybeans rounded out the midweek session with contracts closing 7 to 8 cents in the red. CmdtyView’s national front month Cash Bean price is back down 8 cents at $9.35 3/4. Soymeal futures were $1.50 to $2/ton higher. Soy Oil futures were down 72 to 77 points on the session....

Corn slid lower on Wednesday, as contracts closed with losses of 1 to 2 ½ cents in the nearby contracts on the day. The national average Cash Corn price from cmdtyView was down 2 cents at $4.03 1/2. The weekly EIA report showed ethanol production dropping off last week’s record...

Potential Near-Term Bottom or More Pain?

Grain markets were lower as the lack of new news has kept buyers at bay. Livestock markets came under pressure on the back of long liquidation from funds. In the outside markets, it was new all-time highs for the S&P and NASDAQ.