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Grain News and Commentary

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Wed, May 29th, 2024
Soybeans Pulled Lower By Meal Weakness

Soybeans came out of the holiday weekend with contracts 2 to 18 ½ cents in the red, led by the front months on bear spreading. Soymeal was leading the losses with contracts down $4 to 9.90/ton. Soy Oil...

ZMN24 : 376.4 (-0.05%)
ZLN24 : 45.64 (+0.26%)
ZSN24 : 1226-4 (-0.24%)
ZSPAUS.CM : 11.6931 (-1.56%)
ZSQ24 : 1225-6 (-0.26%)
ZSX24 : 1206-4 (-0.33%)
ZSPX24US.CM : 11.4875 (-0.76%)
Wheat Post Gains, But Far From Highs

The wheat complex jumped out of three-day weekend, but the morning session brought along some heaviness, with contracts pulling well off the overnight highs. Chicago contracts were steady to 3 cents in...

ZWN24 : 694-4 (-0.82%)
ZWU24 : 715-2 (-0.73%)
KEN24 : 723-0 (-1.13%)
KEU24 : 736-4 (-1.11%)
MWN24 : 752-6 (-0.63%)
Corn Closes Weaker, USDA shows Above Normal Planting Pace

Corn futures faded off the overnight strength, with contracts closing 1 ¾ to 3 cents in the red. Most contracts closed near the lows and 6-8 cents off the highs. The Tuesday afternoon Crop Progress report...

ZCN24 : 461-6 (-0.16%)
ZCPAUS.CM : 4.4233 (-0.15%)
ZCU24 : 471-0 (-0.11%)
ZCZ24 : 484-4 (-0.15%)
ZCPZ24US.CM : 4.5684 (-0.44%)
Grain Spreads: Wheat Worries

Downgrades Continue for Wheat

Crop Progress

Crop Progress - 2024-05-28

ZSN24 : 1226-4 (-0.24%)
ZSPAUS.CM : 11.6931 (-1.56%)
ZSBAUS.CM : -0.6018 (-0.05%)
ZSDAUS-BIW.CM : 4,506,573 (unch)
ZSYAUS-BIW.CM : 52.03 (unch)
XSU24 : 4,167s (+0.26%)
XTN24 : 4,648s (-0.21%)
ZCN24 : 461-6 (-0.16%)
ZCPAUS.CM : 4.4233 (-0.15%)
ZCBAUS.CM : -0.2016 (+7.27%)
XVN24 : 2,451s (-0.08%)
XEU24 : 62.05 (-0.27%)
Soybeans Led Lower By Meal

Soybeans are coming out of the Memorial Day weekend, with midday losses of 9 to 18 ¼ cents. Soymeal is the leader to the downside, with losses of $9.70/ton in the July contract. Soy Oil is showing gains...

ZMN24 : 376.4 (-0.05%)
ZLN24 : 45.64 (+0.26%)
ZSN24 : 1226-4 (-0.24%)
ZSPAUS.CM : 11.6931 (-1.56%)
ZSQ24 : 1225-6 (-0.26%)
ZSX24 : 1206-4 (-0.33%)
ZSPX24US.CM : 11.4875 (-0.76%)
Corn Heading Lower After Gapping Higher

Corn futures started off with strength out of the Monday night open, but are fading lower on Tuesday. Midday action has prices down 4 to 5 cents so far. Export Inspections data showed 1.077 MMT (42.41...

ZCN24 : 461-6 (-0.16%)
ZCPAUS.CM : 4.4233 (-0.15%)
ZCU24 : 471-0 (-0.11%)
ZCZ24 : 484-4 (-0.15%)
ZCPZ24US.CM : 4.5684 (-0.44%)
Wheat Strength Fading into Midday

The wheat complex saw a sharply higher open out of the three-day weekend, but are well offhte highs at midday. Chicago contracts are trading with just 1 to 2 cent gains so far. Kansas City futures are...

ZWN24 : 694-4 (-0.82%)
ZWU24 : 715-2 (-0.73%)
KEN24 : 723-0 (-1.13%)
KEU24 : 736-4 (-1.11%)
MWN24 : 752-6 (-0.63%)
Grains Markets Gap Higher to Start the Week. Will the Strength Hold?

Grain markets gap higher in the overnight trade but sizzle in early morning Session.

Corn Gaps Higher on Monday Night, Now 1-2 Cents higher

Corn futures started off firmer on Monday night and are up 1 to 2 ½ cents in early Tuesday futures action. Corn closed mid-range on Friday, settling ¾ to 2 cents higher on the day. Preliminary open...

ZCN24 : 461-6 (-0.16%)
ZCPAUS.CM : 4.4233 (-0.15%)
ZCU24 : 471-0 (-0.11%)
ZCZ24 : 484-4 (-0.15%)
ZCPZ24US.CM : 4.5684 (-0.44%)

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China's Silver Imports are expected to surge in the coming weeks as traders look to take advantage of the widening spread between Silver prices in China and the rest of the world https://t.co/HhFUVuyL4b
Barchart
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Japanese Yen has fallen to its lowest level against the U.S. Dollar since the Bank of Japan secretly intervened a month ago https://t.co/cS8l49CXMV
Barchart
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FUN FACT ✅: Nvidia $NVDA is now worth more than $TSLA, $XOM, $WMT, $COST, $NFLX, $INTC, $DIS, and $PEP combined https://t.co/SqS3EVDjgO https://t.co/bl7ViGIJZ3
Barchart
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S&P 500 $SPX has now traded green in 23 of the last 30 weeks for only the 3rd time in the last 35 years 🚨 https://t.co/GTIfS85kQN
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👇👇👇 https://t.co/nLhTVPz7KK
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Microsoft Insider Trading Alert 🚨 Chief Communication Officer Judson Althoff sold 25,000 $MSFT shares for a total value of $10.6 million https://t.co/wu49BN1tUv https://t.co/tddzHDcgNu
Barchart
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BREAKING 🚨: Jim Chanos Short Seller Jim Chanos, who had to shutter his hedge fund last year due to massive losses, is now accused of embezzlement https://t.co/Z4d60Kgmco https://t.co/WaBmwWlekB
Barchart
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Nvidia is up 133% since Former Speaker Nancy Pelosi bought 50 $NVDA Dec 2024 120 strike calls for a total premium of $1.9 million on November 22. Her position is now worth $5.1 million, a gain of roughly 168%. https://t.co/taMPq39tMg
Barchart
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Oops - Nvidia $NVDA https://t.co/yTa0SVmI7X

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