The Cattle Markets are Special and They Could Start to Show Off Very Soon
The old saying may be "rains make grains" (however, sayings can also be pains in the #*&%@!)
The wheat complex posted mixed trade on Tuesday, as the soft red and hard red spreads were unwinding. Chicago SRW contracts were 3 ½ to 6 ¼ cents in the green at the close. KC HRW futures were steady...
Soybeans held off the early weakness on Tuesday, as day session buying took price action 7 ½ to 11 ¾ cents higher into the close. Rumors of Chinese inquiries into the US sparked some buying interest...
Corn futures rounded out the Tuesday session on a mixed note, with front months down ¼ to 1 ¾ cents and new crop contracts up ¾ to 2 ¾ cents. The CmdtyView national average Cash Corn price was down...
Grain markets had a softer tone in the overnight trade but sprang to life on rumors of Chinese buyers showing interest in US soybeans. Is it for real this time?
The right shoulder developed a shrug, that didn't necessarily void the H & S pattern, but sure moved it away from a textbook example.
Soybeans are holding on to the day session opening gains after overnight weakness. Trade shot higher at the 8:30 am CDT open with midday gains of 8 to 11 cents so far at midday. The cmdtyView national...
The wheat complex is showing mixed trade on Tuesday, with CBT showing the strength. Chicago SRW contracts are 5 to 8 cents in the green. KC HRW futures are down 1 to 3 ½ cents in the front months. MPLS...
