Friday morning in the commodity complex looks to be a classic case of doing the same thing over and over again and expecting different results.
We look at Corn's Head and Shoulder's pattern and the measured move price target of 3 dollars per bushel
Soybeans closed Thursday with fractional to 8 cent losses. The cmdtyView national average Cash Bean price was down 7 3/4 cents at $10.61 1/2. Soymeal futures were mixed, down $1.00 to $1.80 higher on the...
The wheat complex posted marginally mixed trade on Thursday, with the hard red contracts higher. Chicago SRW was the weak spot, with fractional to 4 cent Thursday losses. KC HRW futures led the way higher,...
Corn futures closed Thursday with losses of 7 to 10 ½ cents across most contracts, as increased supplies on USDA’s balance sheets added pressure. The CmdtyView national average Cash Corn price was down...
As expected, the USDA did little to wake up bulls in the grain markets. Is there any hope for a rally in these markets?
The positive basis continues to support the futures. Cattle feeders are making a little headway with futures higher, but the basis is laden with risk that will be converged.
Soybeans are trading with 5 to 9 1/4 cent weakness across most contracts on Thursday. The cmdtyView national average Cash Bean price is down 9 1/4 cents at $10.59 1/4. Soymeal futures are $1.00 to $1.40...
Corn futures are trading with Thursday losses of 5 to 6 cents across most contracts, as the world competition has grown in USDA’s balance sheet. The CmdtyView national average Cash Corn price is down...
