Grains Futures Prices
- Have Soybean Prices Bottomed
The Summer Months Are Coming
- This Week in Grain 4/28- APRIL WRAP UP- COT DATA, WEATHER, MONTHLY CHARTS
Corn (N17) 366’4 -3’6 Soybeans (N17) 955’4 -1’6 Chi Wheat (K17) 431’6 +’4 KC Wheat (N17) 436’6 +3’0 Cotton (Z17) 74.55...
- Paragon Investments' Futures File: NAFTA, Milk & Grains
This week we look at the impact of trade deals & weather on the markets.
- Weather Pushes Up Wheat Prices This Week
I Remain Bearish
- Morning Grains 04/28/17
DJ CBOT Delivery Intentions: Totals – Apr 28 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available...
- Shoot Out: Gunslingers vs. Commercials
An interesting scenario that...
Brugler reportGet the Newsletter
Soybean futures finished the week fractionally to a penny lower in most contracts. May 17 soy meal was up $1.20, with soy oil down 25 points in the front month. In anticipation of Monday’s Oilseed Crush report, analysts are estimating 162.3 million bushels crushed during the March. Estimates ranged from 161 to 163 million bushels. A Bloomberg poll shows analysts projecting March soy oil stocks at 2.246 billion pounds. In the weekly CFTC Commitment of Traders report, spec funds were reported as adding another 2,447 contracts to their net short position. Their net short position in soybean futures and options was 48,275 contracts as of Tuesday. May 17 Soybeans settled at $9.45 1/4, down 1/2 cent, Jul 17 Soybeans settled at $9.56 1/4, down 1 cent, Aug 17 Soybeans settled at $9.58 1/4, down 1 cent, Sep 17 Soybeans settled at $9.54 3/4, down 1 cent, May 17 Soybean Meal settled at $311.70, up $1.20, May 17 Soybean Oil settled at $31.45, down $0.25
Wheat futures were mostly higher on Friday. CHI was fractionally to 5 cents higher, with a 3.33% rise on the week. KC was up 2 1/4 to 4 cents in most contracts, as it was the strongest exchange on the week, 5.01% higher. MPLS was marginally higher in the front months, with the back months up as much as 3 1/2 cents on planting delays. Spec traders held their largest recorded net short position since 2006 on Tuesday at 162,327 contracts in Chicago wheat futures and options. They added 20,201 contracts to their net short position over that week. The forecast for cold temperatures this weekend could have an impact on 20% of the HRW area, according to Commodity Weather Group. May 17 CBOT Wheat settled at $4.18 1/2, up 5 cents, May 17 KCBT Wheat settled at $4.24 3/4, up 4 cents, May 17 MGEX Wheat settled at $5.40 3/4, up 3/4 cent
Corn futures settled as much as 4 cents lower in the nearby contracts, with back months fractionally lower. The NWS 8-14 day forecast shows a couple days of drier weather in the Corn Belt following the deluge this weekend. Managed money added another 24,448 contracts to their net short position in the week ending Tuesday April 25. Their reported net position was short 196,257 contracts in corn futures and options, the most bearish in more than a year. The Ag Minister in Brazil, a major importer of US ethanol, is pushing to implement tariffs on the product despite a shortage of domestic ethanol production caused by higher sugar prices. May 17 Corn settled at $3.58, down 4 cents, Jul 17 Corn settled at $3.66 1/2, down 2 3/4 cents, Sep 17 Corn settled at $3.74 1/4, down 2 cents Dec 17 Corn settled at $3.85, down 1 3/4 cents