Soybean Oil May '24 (ZLK24)

Hogs hold while outside markets spin out of control

There isn't a great deal to discuss as the current events are difficult to assess, making all forward projections even more difficult.

As crude oil prices spike, corn, wheat, and soybean prices are seeing bullish price action. What to watch next.

Soybeans are down 5 to 7 cents at Monday’s midday, more than 35 cents off the overnight highs. Open interest was up 16,951 contracts on Friday. The cmdtyView national average Cash Bean price is down...

The wheat complex is down across most contracts on Monday. Chicago SRW futures are down 10 to 13 cents. KC HRW futures are 2 to 4 cents in the red. MPLS spring wheat is fractionally mixed at midday. Crude...

Corn futures are down 3 to 7 cents across most contracts, falling from the overnight highs. There were 241 deliveries issued against March corn on Friday night. The CmdtyView national average Cash Corn...

There’s an old saying in the trading world: “You get the dollar right, you get a lot of things right.” This week, it seems to be: “You get oil right, you get a lot of things right.” Oliver Sloup...

Oil futures continued to surge higher Sunday night, trading to the highest levels since 2022. The move higher continued to add a tailwind to grains, which hit new highs. If crude oil retraces some of the...

Wheat is holding onto Monday AM gains, though most contracts have slipped off overnight highs. The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets....

Soybeans are continuing the strength on Monday morning, as contracts are up 12 to 15 cents. Some contracts are 18 to 20 cents off the overnight highs. Futures rallied 16 ¾ to 21 ½ cents in the old crop...