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Soybeans Bouncing on Early Friday Trade
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Soybeans Bouncing on Early Friday Trade

Soybeans are posting 7 to 9 cent gains so far on Friday morning. They failed to react to a USDA export sale this morning, as contracts closed with losses of 13 ¾ to 20 ¼ cents, as November rolled off the board. Preliminary open interest showed net new selling, up...
Wheat Showing Early Friday Bounce
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Wheat Showing Early Friday Bounce

Wheat is trading the slight gains across the board on Friday morning. The wheat complex bears were busy selling back to near the lows from August on Thursday. Chicago SRW futures were down 8 1/4 to 10 3/4 cents across the board on the day. Preliminary open interest was up...
Corn Showing Fractional Rebound to Begin Friday
Grain
November 15, 2024
From 
Austin Schroeder
 via 
Barchart

Corn Showing Fractional Rebound to Begin Friday

Corn is showing fractionally higher action so far on Friday morning. Futures were in a risk off approach on Thursday, joining most of the other commodities. Contracts closed with losses of 2 to 7 ½ cents across the board. Preliminary open interest indicated net new selling, up 20,941 contracts, with...
Did the Full Moon and "Shooting Star" Influence Markets Overnight?
Grain
November 15, 2024
From 
Darin Newsom
 via 
Barchart

Did the Full Moon and "Shooting Star" Influence Markets Overnight?

The US enjoyed the view of a full moon Thursday night through Friday morning, though market attention was focused on the Shooting Star pattern completed by the US dollar index yesterday.
Is Wall Street Bullish or Bearish on Corteva Stock?
Grain
November 15, 2024
From 
Aditya Sarawgi
 via 
Barchart

Is Wall Street Bullish or Bearish on Corteva Stock?

Corteva has underperformed the S&P 500 over the past year, yet analysts remain moderately bullish on the stock’s prospects.
Wheat Closes at 11-week Low
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Wheat Closes at 11-week Low

The wheat complex bears were busy selling back to near the lows from August on Thursday. Chicago SRW futures were down 8 1/4 to 10 3/4 cents across the board on the day. KC HRW contracts posted losses of 7 ¾ to 9 ¼ cents at the close. MPLS spring...
Corn Falls Lower Despite Record Ethanol Production
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Corn Falls Lower Despite Record Ethanol Production

Corn was in a risk off approach on Thursday, joining most of the other commodities. Contracts closed with losses of 2 to 7 ½ cents across the board. The national average Cash Corn price from cmdtyView was down 7 1/4 cents at $3.94 1/2 per bu. Weekly data from the...
Soybeans Collapse into Thursday’s Close
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Soybeans Collapse into Thursday’s Close

Soybeans failed to react to a USDA export sale this morning, as contracts closed with losses of 13 ¾ to 20 ¼ cents. CmdtyView’s national front month Cash Bean price was down 20 cents at $9.35 ¾. The products played a pressure role, with Soymeal futures down $3.20 to $5.10/ton...
Shootin' the Bull about lots of cattle and beef in production
Grain
November 14, 2024
From 
Chris Swift
 via 
Barchart

Shootin' the Bull about lots of cattle and beef in production

The trend is well established of producing more beef from fewer cattle, as well as increased imports and decreased exports. Therefore, until these trends are broken, one should not expect a surge in heifer retention or a decrease of imports.
Grain and Livestock Markets Come Under Pressure in Thursday's Trade
Grain
November 14, 2024
From 
Oliver Sloup
 via 
Barchart

Grain and Livestock Markets Come Under Pressure in Thursday's Trade

Grain and livestock markets were lower in Thursday's trade as selling took hold. More downside to come ahead of the weekend?
Wheat Extending Losses Towards August Lows
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Wheat Extending Losses Towards August Lows

The wheat complex has several contracts nearing their respective lows from back in August at midday. Chicago SRW futures are down 7 to 10 cents across most contracts. KC HRW contracts are posting 6 to 7 cent losses in the nearbys. MPLS spring wheat is steady to 5 cents in...
Soybeans Falling on Thursday, as Product Pressure Continues
Grain
November 14, 2024
From 
Austin Schroeder
 via 
Barchart

Soybeans Falling on Thursday, as Product Pressure Continues

Soybeans are posting midday Thursday losses of 12 to 15 cents so far as futures are failing to react to export business. There is still uncertainly on potential Trump cabinet appointments including the USDA secretary and US Trade Representative. CmdtyView’s national front month Cash Bean price is down 14 cents...