Can the Grains Continue to Advance from here - Should the Cattle Markets Expect a 10% Pullback?

Soybeans broke through long-term resistance today, can they maintain the rally?

In my opinion alone, and not to be confused with fact, is that the spread between the optimism of the producer, and the street signs of the economy, are believed as wide as I can ever recall.

While corn, soybean, and wheat prices are higher than their most recent lows, they remain significantly lower than the 2022 high. As the agricultural commodities that feed and increasingly fuel the world are at the beginning of the 2025 crop year, the weather and other issues will determine the path of least resistance of prices.

Corn, beans, and wheat were able to see some strength into Thursday afternoon’s trade while livestock markets seemed to struggle to find conviction on direction.

Soybeans are posting midday strength on Thursday, with gains of 3 to 7 cents. Nearbys are leading the charge. CmdtyView’s national front month Cash Bean price i up 7 3/4 cents at $9.98 ¼. Soymeal futures are down $2.70/ton lower, as Soy Oil futures were up 116 points on the...

The wheat market is holding weaker as futures trade through the Thursday session. Chicago SRW futures are 1 to 2 cents lower at midday. Kansas City HRW contracts are showing 1 to 2 cent weaker trade on Thursday. MPLS spring wheat is trading with 1 to 2 cent losses. Rains...

Corn futures are showing a round of strength on Thursday, with front months up 4 to 5 cents and new crop December steady. The nearby CmdtyView national average Cash Corn price is up 5 1/2 cents at $4.50 1/4. Outside support from a bounce higher in the crude oil market...

Are Soybeans on the Verge of a Breakout?

Wheat posted Wednesday losses across the three markets. Chicago SRW futures were down 6 to 8 cents at the final bell. Preliminary open interest was down 4,330 contracts. Kansas City HRW contracts were 8 to 9 cents lower at the close. MPLS spring wheat closed the Wednesday session with contracts...

Soybeans are trading with Thursday morning gains of 2 to 4 ½ cents. The soybean market held onto gains on Wednesday, with contracts closing 1 to 6 cents higher. Preliminary open interest was up 3,204 contracts. CmdtyView’s national front month Cash Bean price was up 5 1/4 cents at $9.90...

Corn futures are trading with contracts are up 1 ½ to 2 ½ cents so far on Thursday morning. The corn market fell lower on Wednesday, with losses of 3 to 4 cents across the front months. The nearby CmdtyView national average Cash Corn price is down 2 ¾ cents...