Tighten Your Seatbelts: It's Going to be a Bumpy Ride

The wheat complex saw is back to higher trade on Wednesday. Chicago SRW futures are 2 to 3 cents in the green so far on Wednesday. KC HRW futures are up 4 to 5 cents in the front months at midday. MPLS spring wheat are up 5 to 6 cents...

Soybeans are trading with double digit gains at midday, with contracts up 14 to 17 cents. The cmdtyView national average Cash Bean price is up 15 1/4 cents at $11.42 1/4. Soymeal futures are up 80 cents to $1.10, with Soy Oil futures 197 to 261 points higher. There were...

Corn futures are up 6 to 8 cents in the front months, with March up 10 ¼ cents. There were 553 deliveries against March corn overnight. The CmdtyView national average Cash Corn price is up 7 1/4 cents to $4.19. Crude oil is back up another $3.03 on Wednesday, adding...

We already know classic technical analysis has become obsolete, but can we make the same argument for fundamental analysis? If so, what are we left with?

It is my bias that speculator and institutional (hedge fund) monies are moving into the grain markets.

Daily ranges for grain markets have been expanding as uncertainty and debate continue to mount. Shorter term traders who can put their longer term bias on the back burner continue to be presented with ample opportunity on both sides of the market.

Wheat is trading with gains across the three markets on Wednesday morning led by double digit gains in KC. The wheat complex saw double digit losses across the three exchanges. Chicago SRW futures were 12 to 13 cents lower on Tuesday. KC HRW futures posted 11 cent losses across the...

Soybeans are trading with gains of 11 to 18 cents so far on Wednesday morning. Futures closed Tuesday with 5 to 7 cent gains across most contracts on Tuesday. Preliminary open interest rose 2,727 contracts on the day, mostly in the new crop. The cmdtyView national average Cash Bean price...

Corn prices are up 6 to 7 cents early on Wednesday trade. Futures closed the Tuesday session with 1 to 3 cents losses across most contracts. There were 553 deliveries against March corn overnight. Preliminary open interest was down 12,010 contracts on Tuesday. The CmdtyView national averageCash Corn price was...

I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Yesterday's sharp selloff of crude oil and other energy futures is likely the reason for today's selloff of corn futures. Daily trading volume at 411,660 contracts on March 9 was the...

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