This is a Selling Opportunity

Soybeans have been stuck in a relatively narrow range for the past month. Is a directional break out coming?

Conflicting news stories created a hefty day of volatility for producers to contend with.

We look at the Canola price, Commitment of Traders and Moving Averages

Soybeans are showing 1 to 5 cent losses on Thursday, led by the front months at midday. The cmdtyView national average Cash Bean price is down 5 1/4 cents at $10.96. Soymeal futures are up 90 cents to $1.00 on the day, with Soy Oil futures down 42 to 54...

Corn futures are trading with fractionally lower action at Thursday’s midday. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.18 3/4. Export Sales data from Thursday were tallied at 1.316 MMT in the week of 4/16, in the middle of trade estimate of 1-1.8 MMT for...

The wheat complex is rallying on Thursday across the three markets. Chicago SRW futures were up 5 to 8 cents in the front months. KC HRW futures are in rally mode, up 18 cents in the nearbys. MPLS spring wheat are 5 to 7 cents higher on the day. Weekly...

Corn price action is fractionally mixed so far on Thursday morning. Futures closed the Wednesday session with front months fractionally to 1 ¼ cents higher and some deferreds steady to fractionally lower. Open interest was up 6,656 contracts on Wednesday. The CmdtyView national average Cash Corn price was up 3/4...

Wheat is showing 1 to 8 cent higher trade so far on Thursday morning. The wheat complex was lower across the three markets in the midweek session. Chicago SRW futures closed the Wednesday session with contracts down 2 to 5 ¾ cents. Open interest was down 6,033 contracts. KC HRW...

Soybeans are trading with slight losses of 1 to 2 cents in the front months so far on Thursday morning. Futures rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. Open interest data from Wednesday suggested some longs taking...

Soybeans were as closes as you can get to a breakout yesterday morning, put pulled back to the middle of the range. Short term traders continue to have the advantage there. Corn and wheat futures are attempting to build higher floors as planting season continues to ramp up.

Soybeans rounded out the Wednesday session with contract slipping into the close, down 4 to 11 ¼ cents on the day. The cmdtyView national average Cash Bean price was down 9 1/2 cents at $11.01 1/4. Soymeal futures were down $2.90 to $4.90 on the day, with Soy Oil futures...