The Beans Broke, as the Cattle Markets Took a Knee

Soybeans closed out the Wednesday session, with contracts 11 to 16 cents in the red across most months, led by the nearbys. New crop seems content with not buying soybean acres, as the current soy corn ratio is 2.20. The average close in February for November futures, used to determine...

Corn futures shrugged off the losses in the bean and wheat markets, with contracts holding onto gains in at the close. They ended the midweek session with gains of 3 to 4 ¼ cents. The current new crop soy/corn ratio is 2.20, as the market continues to try and buy...

Wheat futures held onto the weakness into the close on Wednesday, with losses in the three markets. Chicago SRW futures were down 2 to 3 cents across the nearbys on the day. KC HRW futures were faced with fractional to 2 cent losses at the close. MPLS spring wheat was...

I am spooked.  I am spooked because I can't find a time in history for which so much inflation was caused by the excessive printing of money, stripping age old supply lines that have never been impacted by demand like this.

Wheat futures are trading with losses at midday across the wheat complex. Chicago SRW futures are showing just fractional to 2 cent losses so far on the day. KC HRW futures are just fractionally in the red at midday. MPLS spring wheat is 4 cents in the red so far...

Corn futures are posting midweek strength, as contracts are up 2 to 4 cents across most contracts on Wednesday. The cmdtyView national average Cash Corn price is up 3 1/2 cents at $4.53 1/4. USDA reported a private export sale of 130,320 MT of corn to unknown destinations for 2024/25...

Soybeans are heading lower at midday on Wednesday, with contracts down 10 to 18 cents. The national front month Cash Bean price from cmdtyView is down 17 1/2 cents at $9.64 1/4. Soymeal futures were down $2.40/ton, with Soy Oil futures 73 points lower on the session. USDA reported a...

Grain markets retreat following Tuesday’s WASDE report and are mixed in the overnight and early morning trade. These are the levels to watch for through the rest of the week.

The wheat market is posting losses across the three exchange on Wednesday morning. Wheat posted losses across the three market on Tuesday, failing to show any follow-through on some bull friendly USDA data. Chicago SRW futures were down 1 to 2 ½ cents at the close. KC HRW futures faced...

The corn market is trading with early Wednesday losses of 1 to 2 cents. Corn failed to show much positive reaction to USDA’s report on Tuesday, despite a cut to both the Argentina and Brazilian crops. Futures closed with losses of 6 to 8 cents in the front months and...

Soybean futures are down another 6 to 9 cents so far to start the midweek session. Soybeans fell lower into Tuesday’s close despite tightening world supplies. Contracts closed with 2 to 6 cent losses, led by the nearbys. CmdtyView’s national front month Cash Bean price was down 6 cent at...