Corn, Beans, Wheat Examined

Price action today is weighted as definitive.  Fats posted an outside reversal and dark shadow on the candlestick charts.

Soybeans are showing 3 to 6 cent gains so far on Wednesday. CmdtyView’s national front month Cash Bean price is up 5 1/2 cents at $9.58 1/2. Soymeal is down 80 cents/ton on the day. Soy Oil futures are down 23points on the day. Export sales data will be released...

The wheat complex is showing Wednesday gains across the three exchanges at midday. Chicago SRW futures are up 3 to 4 cents on the day. KC HRW contracts are posting 4 to 5 cent gains on the session. MPLS spring wheat is up 1 to 2 cents. Thursday morning’s Export...

Corn futures are showing fractional gains across the front months as we trade through Wednesday’s midday. The national average Cash Corn price from cmdtyView is up 1/2 cent at $3.89 3/4 per bu. USDA reported a private export sale of 126,000 MT of 24/25 corn to unknown destinations this morning....

Noncommercial traders in the Grains sector have been moving to the sidelines. We'll see if the various markets provide a fundamental reason for funds to eventually go net-long futures.

Corn and soybeans were weaker in yesterday’s trade while wheat was able to hold ground. Wheat continues to be the leader this morning with corn and beans finding their footing too. These are the levels to keep an eye on in today’s trade.

Soybeans are trading 2 to 3 cents in the green so far on Wednesday. They posted losses of 13 ¾ to 18 ¾ cents across the board on Tuesday. CmdtyView’s national front month Cash Bean price was down 18 cents at $9.53. Soymeal slipped another 20 cents to $2/ton on...

The wheat complex is showing Wednesday morning gains of 5 to 7 cents. Futures saw some early Turnaround Tuesday weakness, with the three exchanges headed higher into the close. Chicago SRW futures were up fractionally to 2 ¼ cents on the day. KC HRW contracts saw fractional to 1 cent...

Corn is trading with Wednesday AM gains of 1 to 2 cents so far. Futures closed out the Tuesday session with contracts down anywhere from ¾ to 5 ¼ cents across the board. The national average Cash Corn price from cmdtyView was down 5 1/2 cents at $3.88 per bu....

Producers have had a friend to return.

Corn futures closed out the Tuesday session with contracts down anywhere from ¾ to 5 ¼ cents across the board. The national average Cash Corn price from cmdtyView was down 5 1/2 cents at $3.88 per bu. Census trade data showed a total of 5.156 MMT (203 mbu) of corn...