I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Oil is not the only commodity affected by the blockade of the Strait of Hormuz in the Middle East. The export of ingredients needed for fertilizer - urea, ammonia and phosphates...

WALSH PURE SPREADER - Pure Hedge Division

Soybeans were pressured into the Tuesday close, with contracts down 2 3/4 to 8 ½ cents across the board. The cmdtyView national average Cash Bean price was down 1 3/4 cents at $10.78 1/2. Soymeal futures were down $2.00 to $4.20, with Soy Oil futures up 15 to 45 points....

The wheat complex was higher across the three markets on Tuesday. Chicago SRW futures were up 2 to 3 cents to close out the day. KC HRW futures were fractionally to 2 ¾ cents higher on the session. MPLS spring wheat was 3 ¼ to 4 ¼ cents higher. Crude...

Corn futures saw gains of 2 to 3 cents in most contracts on Tuesday, with some deferred contracts steady to fractionally higher. The CmdtyView national average Cash Corn price was up 3 cents to $4.24. Crude oil finished the day with late pressure to close up just 26 cents, as...

Tomorrow We Could See Stock Markets and Cattle Markets Higher and Crude Oil, Soybeans and Wheat Lower

Grain traders are taking their daily price cues from the daily movements in the crude oil market. Such will likely be the case for the near term.

The wheat complex is showing strength on Tuesday with contracts higher at midday. Chicago SRW futures are up 5 to 6 cents so far on the Tuesday session. KC HRW futures are 7 to 8 cents higher so far at midday. MPLS spring wheat is 6 to 8 cents in...

Corn futures are showing 5 to 6 cent gains so far on Tuesday, in a early week bounce. The CmdtyView national average Cash Corn price is up 6 cents to $4.23 3/4. EIA data will be released on Wednesday morning, with ethanol production seen steady to slightly higher in the...

Soybeans are showing mixed trade at midday with front months down 1 to 2 cents and deferred contracts higher. The cmdtyView national average Cash Bean price is down 1 3/4 cents at $10.78 1/2. Soymeal futures are down $3.00 to $3.80, with Soy Oil futures up 44 to 70 points....

Grain markets stabilize following a whacky Monday trade. These are the levels to watch.

Corn price action is up 2 to 3 cents so far on Tuesday morning. Futures closed the Monday session with contracts down 1 ½ to 6 cents in most contracts at the close. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes...