Grains Futures Prices
- Trade Spotlight: Options (Soybeans)
This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Options, published on Thursday, January 18, 2017. Soybean Bull Call Spread...
- Trade Spotlight: Futures (Soybeans)
This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Futures, published on Thursday, January 18, 2018. There is a trade opportunity...
- Livestock About To Close
As I type furiously away....
- Morning Grains Report 01/19/18
DJ U.S. Export Sales: Weekly Sales Totals – Jan 19 For the week ended Jan 11, in thousand metric tons, except cotton in thousand running bales. Net changes...
- [ICYMI] MDA SnapShot – The Power of Scanner Prime 3’s, Soybean Meal, 1/19/18
March Soybean Meal – Multi-Profiles Breakdown of Today’s Update Published 1/19/18 9:30 am central: Traders, In my Bull/Bear Scanner updates, I am making...
- Daily Technical Spotlight - March Soybeans
Recent good gains suggest a market bottom is in place. Bullish weekly high close on Friday would suggest a price uptrend can be sustained.
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Wheat futures were down 1 to 3 cents in most contracts ahead of the weekend, on the heels of a slow Export Sales report. MPLS contracts are steady to 3 cents lower. The Export Sales report this morning showed all wheat sales of just 153,115 MT, the fourth smallest sale this marketing year. That was above last week’s MY low, but still lags this time in 2017 by 36.9%. Japan purchased a majority of that total at 97,200 MT. There were an additional 37,500 MTs in new crop sales, bringing the total 18/19 sales to 241,252 MT, 1.5% shy of this time last year. Wheat export shipments picked up to 422,383 MT, edging out this time last year by 6.99% and well above the previous week. The Commitment of Traders report on Friday afternoon showed spec funds reducing their net short position in KC wheat by 5,214 contracts for the week ending 1/16 to a net position of -12,386 contracts.Mar 18 CBOT Wheat closed at $4.22 3/4, down 2 1/2 cents,Mar 18 KCBT Wheat closed at $4.27 1/2, down 2 cents,Mar 18 MGEX Wheat closed at $6.08 1/2, down 2 cents
Corn futures saw steady to 1 1/4 cent gains on Friday, as March was up 1.81% on the week. This morning, the USDA showed the old crop corn export sales blowing past expectations at 1.888 MMT (74.3 million bushels). That was 38.08% larger than the same week in 2017. Unknown destinations purchased nearly 770,200 MT, with Japan buying 415,600 MT. There were also 2,413 MT in new crop sales. Export shipments were a different story, as they fell 25.9% from the previous week at 659,710 MT, down 28.9% from a year ago. Most of those shipments were to Mexico (252,000 MT) and Japan (216,600 MT). Argentina’s early corn crop was rated at 12% gd/ex and 44.9% poor/very poor by the Buenos Aires Grain Exchange, compared to last year’s 33.4% gd/ex and 32.7% p/vp at this time.Mar 18 Corn closed at $3.52 1/2, up 1 cent,May 18 Corn closed at $3.60 3/4, up 1 1/4 cents,Jul 18 Corn closed at $3.69, up 1 1/4 centsSep 18 Corn closed at $3.76 1/2, up 1 1/4 cents
Soybean futures settled the Friday session with most contracts 3 to 4 1/4 cents higher, with back months steady to up 2. Meal futures were up $3.20/ton, with nearby soy oil up 5 points. This morning, the USDA indicated that old crop soybean bookings last week totaled 1.24 MMT, beating out expectations. China purchased 576,600 MT, with Mexico buying 238,000 MT. The first full non-Holiday week of 2018 also showed new crop sales of 287,660 MT. Soybean shipments totaled 1.179 MMT, slipping 23.8% from a week ago and lagging last year by 25.4%. Soybean meal sales were at 281,820 MT, as soy oil sales tallied 27,922 MT. The soybean harvest in Brazil has totaled 0.8% for far, according to AgRural, compared to the average of 1.2% and last year’s 2.2%. BAGE rates soybean conditions in Argentina at 37.3% gd/ex, vs. last year’s 52.6%.Mar 18 Soybeans closed at $9.77 1/4, up 4 1/4 cents,May 18 Soybeans closed at $9.88 1/2, up 4 1/4 cents,Jul 18 Soybeans closed at $9.98 1/4, up 4 1/4 cents,Sep 18 Soybeans closed at $9.97 1/4, up 2 3/4 cents,Mar 18 Soybean Meal closed at $331.60, up $3.20,Mar 18 Soybean Oil closed at $32.28, up $0.05