A strong close for new crop Soybeans may offer early hedging opportunities.
The feeder cattle market is bullish because there are more producers bidding higher to attract inventory to their production facility.
Corn futures are trading with 1 to 3 ½ cent gains across the front months on Wednesday. The CmdtyView national average Cash Corn price is down a up ¾ cent to $3.96 1/2. With just 3 days left for price...
Soybeans are trading with Wednesday gains at midday, with meal leading the charge. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.81. Soymeal futures are $7.60 to $8.10 in the...
The wheat complex is showing weakness on Wednesday, with all three markets lower. Chicago SRW futures are down 3 to 5 cents so far on Wednesday. KC HRW futures are showing 4 to 5 cent losses at midday....
Corn price action is fractionally mixed so far on Wednesday morning, holding near unchanged. Futures came back to close mixed on Tuesday, with front months March up ¼ cent and other contracts down 1 to...
Soybeans are trading with 1 to 3 cent gains as the market enters Wednesday trade. Futures posted gains of 4 to 5 ½ cents in most front months on Tuesday. Open interest was down 2,337 contracts on Tuesday,...
Wheat is kicking off Wednesday trade with losses of 2 to 4 cents. The wheat complex was weaker on Tuesday. Chicago SRW futures were steady to 2 cents lower. Open interest rose 3,208 contracts on Tuesday....
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The charts below suggest higher wheat prices in the weeks ahead. Last week's rally...