Cattle feeders appear to have gone backwards today.
Soybeans are back to higher trade on Wednesday, with contracts up 1 to 3 1/2 cents. The cmdtyView national average Cash Bean price is 3 1/4 cents lower at $10.20 1/4. Soymeal futures are steady to $1.10...
Corn futures are showing losses of 3 to 4 cents across the front months on Wednesday, as contracts give back some of the Tuesday gains. The CmdtyView national average Cash Corn price is down 3 1/2 cents...
Wheat is trading with Wednesday weakness, as contracts are having a delayed response to USDA’s added world production from Tuesday. Chicago SRW futures are down 6 to 8 cents in the nearbys. KC HRW futures...
I anticipate feeder cattle to sell off sharply and maybe even produce a counter seasonal trade for which prices tend to rise from the first of December to the middle of February.
Wheat is showing weakness early in Wednesday morning trade. The wheat complex was mixed across the three exchanges on Tuesday, with spring wheat holding higher. Chicago SRW futures were fractionally mixed...
Soybeans are trading with 2 to 4 ½ cent losses early on Wednesday. Futures posted Tuesday losses of 6 to 8 cents in the nearbys, as contracts pulled off lows into the close. Preliminary open interest...
Corn price action is down fractionally to 2 cents so far on Wednesday morning. Futures posted gains of 4 to 5 cents across most contracts on Tuesday, following a bullish USDA report. Open interest was...
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Today's World Agricultural Supply and Demand Estimates (WASDE) report from the...
Bullish the Cattle Markets? Bearish the Grain Markets? I am, and this is my plan.