Basis was destroyed at the opening this morning, pushing all futures contracts into a positive basis and widened the backend out significantly.
Corn futures are trading with 5 to 5 ½ cents in the front months on Thursday, with new crop December up 3 cents. The CmdtyView national average Cash Corn price is up 5 cents at $4.01 1/4. Continued strength...
Soybeans are trading with 15 to 17 cent gains in the front months on Thursday, with new crop November up 8 ¼ cents. The cmdtyView national average Cash Bean price is 15 3/4 cents higher at $10.43 3/4....
The wheat complex is trading with gains across the three markets on Thursday. Chicago SRW futures are 8 to 9 cents higher in the front months. KC HRW futures are 7 to 8 cents in the green at midday. MPLS...
May soybean futures present a buying opportunity on more price strength.
There’s been a broader unwind across multiple asset classes over the last week. Ag markets have mostly shrugged it off. Will the eventually take notice?
Soybeans are trading with Thursday AM gains of 6 to 8 ½ cents in the front months as new crop November is steady. Futures were in rally mode following a mid-morning update from President Trump, as contracts...
Wheat is trading with fractional losses in most winter wheat contracts, as spring wheat is a penny higher The wheat complex was lower across the board on Wednesday. Chicago SRW futures were 1 to 2 cents...
Corn price action is down fractionally to 1 ½ cents so far on Thursday morning. Futures ended the Wednesday session with contracts a penny to 2 cents higher across the front months. Preliminary open interest...