Crop Progress - 2024-04-29
The impact of farmer length when it comes to price moves as speculators work to cover their shorts.
Corn futures are showing fractional losses so far on Monday. Preliminary open interest dropped a sharp 39,164 contracts. That was to be expected given the expiration of the May options (OI there declined...
Soybeans are trading 5 to 10 cents higher so far on Monday after coming out of the gates running this morning. Preliminary open interest dropped 32,868 contracts, almost exclusively due to May options...
Wheat futures are backing off to start this week. Kansas City futures are 5 to 7 cents in the red at midday. MPLS is holding up, with contracts steady to fractionally mixed. Chicago contracts are taking...
Technical analysis of Corn prices assisting traders and farmers with grain marketing.
Wheat prices are starting off the new week mixed, with CBT weaker and the hard red contracts higher. Wheat bulls continued their assault on the heights (or at least foot hills given the size of the decline...
Corn prices are starting out the week on a firmer note, with contracts just fractionally lower. They settled 1 to 3 cents lower on Friday, with nearby May the firmest and May 2025 seeing the biggest day...
Soybeans are trading5 to 7 cents higher in early Monday futures action. Soybeans settled 3 ¼ lower to 3 cents higher on Friday, with delivery months out through January 2025 in negative territory and...