Is CBOT wheat setting up a major reversal? We break down the technical neckline, key resistance levels, and what Canadian grain marketers should watch.
The commodity complex was driven by the same story overnight, just another part of the world.
Wheat is trading with 15 to 22 cent gains across the three markets early on Wednesday. The wheat complex posted gains across the three exchanges at the Tuesday close. Chicago SRW contracts were up 4 1/4...
Corn prices are up 3 to 4 cents so far on Wednesday morning with spillover support from double digit gains in the wheat complex. Futures closed out the Tuesday session with contracts ¾ to 2 ¾ cents lower,...
Soybeans are trading with fractional to 2 cent gains so far on Wednesday morning, but backing more than a nickel off the overnight highs. Futures closed Tuesday with contracts 1 to 4 cents lower, as July...
Grain markets have been trading very technical through the first half of the week, presenting abundant opportunities for shorter term traders.
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. In its monthly Situation and Outlook Report released today, the United States Department...
Corn futures closed out the Tuesday session with contracts ¾ ti 2 ¾ cents lower, as July expired 4 cents lower at $4.33 3/4. The CmdtyView national average Cash Corn price was 2 1/4 cents lower at $4.08...
Soybeans closed Tuesday with contracts 1 to 4 cents lower, as July expired with a 5 ¼ cent gains at $12.07 ¼. The cmdtyView national average Cash Bean price was down 3 3/4 cents $11.46. Soymeal futures...
The wheat complex posted gains across the three exchanges at the Tuesday close. Chicago SRW contracts were up 4 1/4 to 9 3/4 cents on the day. KC HRW futures were 7 1/2 to 11 3/4 cents higher at the close....
