Based on recent trading activity, it seems the grains are mostly getting caught up in headlines and social media posts, not fundamentals.
It may seem conterintuitive, but there are recognizable patterns you can use to your advantage, even within the chaos.
The wheat complex is retreating across the three exchanges on Friday Chicago SRW futures are 6 to 7 cents lower in the nearbys on the day KC HRW futures are posting 6 to 12 cent losses in most contracts...
Corn futures are trading with contracts fractionally to 2 cents lower on Friday. The CmdtyView national average Cash Corn price is down 1 1/4 cents at $4.19 3/4. Export Sales data has corn export commitments...
Soybeans are trading with front months up 2 to 3 cents, as deferred contracts are showing fractional losses. The cmdtyView national average Cash Bean price was up 2 1/2 cents at $11.00 3/4. Soymeal futures...
Decoding the 2.5-Year Base Pattern for the End of the Stage 4 Decline.
Wheat doesn't take center stage often, and when it does, it doesn't tend to stay long. But while it's there, the spotlight burns brightly.
Soybeans are trading with contracts fractionally mixed. Futures saw weakness for much of the Thursday session, with contracts down 1 to 4 ¾ cents. Open interest suggested some long liquidation, down 18,694...