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In my opinion, the cattle market is believed moving into equilibrium. Rationing has caused significant shifts in domestic production and processing.
Corn futures are trading with 1 to 2 cent losses in most contracts on Friday. The CmdtyView national average Cash Corn price is down 1 cent at $4.10 1/4. Crude oil is falling $11.27 on the day following...
The wheat complex is trading with losses across most contracts so far on the Thursday session. Chicago SRW futures are down 9 to 10 cents in most contracts. KC HRW futures are down 5 to 6 cents at midday....
Soybeans are mixed on Friday, within a penny of unchanged on Friday. The cmdtyView national average Cash Bean price is up 1 cent at $10.99. Soymeal futures are $1.50 to 1.70 on the day, with Soy Oil futures...
July soft red wheat futures present a buying opportunity on more price strength.
Wheat is showing mixed action to start Friday trade, with winter wheats weaker. The wheat complex is trading with gains across most contracts so far on the Thursday session. Chicago SRW futures were steady...
Soybeans are trading with contracts down 4 to 6 cents on Friday morning. closed the Thursday session with contracts down ¾ to 3 ¼ cents in the front months, with deferred new crop contracts fractionally...
Corn price action is trading with contracts fractionally lower to a penny plus higher on Friday morning. Futures were busy reverting from the Wednesday gains on Thursday, with contracts down fractionally...
As I've said before, the job of analyzing markets has grown much easier given the repetitive cycle of market drivers.
