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Grain News and Commentary

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Wed, May 15th, 2024
Corn Fades Off Early Strength to Midday Losses

Corn shot higher in early morning trade, but are fading lower on Wednesday. Contracts are down 3 to 4 cents across most nearby months at midday. EIA data from this morning showed that 1 million barrels...

ZCN24 : 462-4s (-1.07%)
ZCPAUS.CM : 4.3943 (-1.03%)
ZCU24 : 473-2s (-0.99%)
ZCZ24 : 487-0s (-0.81%)
ZCPZ24US.CM : 4.5793 (-0.83%)
Soybeans Holding Above UNCH Despite Bearish NOPA Data

Soybeans are holding above steady on the midweek session, as contracts are up 1 to 5 ¾ cents despite an ugly April crush number from NOPA. Soymeal futures are up 50 cents/ton. Soy Oil is back 62 to 67...

ZMN24 : 371.7s (-0.43%)
ZLN24 : 43.55s (+0.35%)
ZSN24 : 1213-4s (-0.08%)
ZSPAUS.CM : 11.5092 (-0.07%)
ZSQ24 : 1216-2s (-0.16%)
ZSX24 : 1201-0s (-0.33%)
ZSPX24US.CM : 11.3933 (-0.34%)
Wheat Well Off Session Highs at Midday

The wheat complex is fading the early double digit gains with losses reported at midday. Chicago contracts are down 5 to 6 cents in the front months. Kansas City futures are down 5 to 7 cents at the midday...

ZWN24 : 665-6s (-1.00%)
ZWU24 : 686-0s (-1.05%)
KEN24 : 675-0s (-1.21%)
KEU24 : 688-6s (-1.18%)
MWN24 : 727-0s (-0.85%)
Keurig Dr Pepper Stock: Analyst Estimates & Ratings

Keurig Dr Pepper has underperformed the broader market YTD, but Wall Street analysts look cautiously optimistic about the stock’s outlook.

KDP : 33.81 (-1.05%)
$SPX : 5,308.15 (+1.17%)
XLP : 77.30 (+0.06%)
WFC : 62.34 (+0.73%)
Monster Beverage Stock Outlook: Is Wall Street Bullish or Bearish?

Monster Beverage has significantly underperformed the broader market over the past year, and Wall Street analysts hold a cautiously optimistic view about the stock’s prospects.

MNST : 54.24 (-0.44%)
$SPX : 5,308.15 (+1.17%)
XLP : 77.30 (+0.06%)
Grain markets were under pressure in Tuesday’s trade but are firming in the early morning trade, will it last?

Provided by TradingView Corn Technicals (July) July corn futures traded on both sides of unchanged yesterday, finishing the day near the low end of the range which was just above the previous day’s low....

Corn Reverting to Gains on Wednesday Morning

Corn is trading higher this morning, as contracts are up 2 to 3 3/4 cents. Futures ended the Tuesday session with contracts fractionally to 5 cents lower out to July ’25. Deferred contracts were steady...

ZCPAUS.CM : 4.3943 (-1.03%)
ZCU24 : 473-2s (-0.99%)
ZCZ24 : 487-0s (-0.81%)
ZCPZ24US.CM : 4.5793 (-0.83%)
Soybeans Turn Back Higher on Wednesday AM

Soybeans are trading 3 to 6 cents in the green on Wednesday morning. They closed Turnaround Tuesday with contracts down 4 ½ to 7 ¼ cents. Soymeal futures were back up on the day, with gains of $2.80...

ZMN24 : 371.7s (-0.43%)
ZLN24 : 43.55s (+0.35%)
ZSPAUS.CM : 11.5092 (-0.07%)
ZSQ24 : 1216-2s (-0.16%)
ZSX24 : 1201-0s (-0.33%)
ZSPX24US.CM : 11.3933 (-0.34%)
Wheat Bouncing to Start Midweek Trade

The wheat complex is posting double digit gains as we start the midweek session. They fell into Turnaround Tuesday across the three exchanges. Chicago contracts were down 1 ½ to 14 ½ cents led by the...

ZWN24 : 665-6s (-1.00%)
ZWU24 : 686-0s (-1.05%)
KEN24 : 675-0s (-1.21%)
KEU24 : 688-6s (-1.18%)
MWN24 : 727-0s (-0.85%)
Meteorology's MJO index: What it means and how it is affecting sugar and coffee prices

Jim explains how the MJO may be the factor behind the price movements in sugar and coffee

SBN24 : 18.65s (-1.17%)
SBV24 : 18.70s (-0.95%)
SWQ24 : 542.30s (-1.93%)
SWZ24 : 514.80s (-1.13%)
CANE : 11.54 (-0.94%)
RMN24 : 3,402s (-0.90%)
RMU24 : 3,336s (-0.83%)

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Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS https://t.co/GilsdgaDZR
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Credit Card Delinquencies rise to highest level in more than a decade 👀 https://t.co/xjofsQqlDJ
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Greed returns to the Stock Market for the first time since April 11! Yesssss, we did it 🥳🤑🫰 https://t.co/q5NbyGH61y
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Nvidia $NVDA surging to highest price since March https://t.co/RAcT4K6ygi
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Come on WSJ, don't do this to Buffett 😂 https://t.co/kNM77R8kKO
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S&P 500 $SPX hits all-time high 🚨 https://t.co/h3obRYHDtM
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BREAKING 🚨: GameStop $GME now down more than 30% on the day https://t.co/A3XneF0dLB https://t.co/fmLBGXUe4Y
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Ooops 🤦‍♂️😂 https://t.co/iWVJwHxiS3
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U.S. Dollar Index $DXY falling to its lowest level in more than a month https://t.co/iHtBAf93M7
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AMC Entertainment $AMC options volume is still well short of what it was during the 2021 Meme Mania https://t.co/vjQ2MxZqAj

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Universal Stainles (USAP)

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