Weak futures can't derail cash markets. Cash stays steady with last week's record prices. Feeders also around last week's prices
Soybeans held higher into the Friday close, as contracts were steady to 2 ¼ cents in the green. July was up 19 ½ cents on the week, with November 17 cents higher. The cmdtyView national average Cash...
The wheat complex pulled off the midday lows but still closed with losses on Friday across the three markets. Chicago SRW futures were steady to 1 3/4 cents in the red on the Friday session, as July was...
Corn futures closed the Friday session with contracts 1 to 2 cents higher, as July was up 7 ½ cents this week. December firmed up 5 ½ cents. The CmdtyView national average Cash Corn price was up a penny...
Grain markets were able to post modest gains on the day and on the week, while livestock got hit hard yet again. Where does that leave us on the charts into the weekend?
In my opinion, observations from the previous two weeks are believed to have culminated into this week's trading.
Soybeans are trading with 1 to 4 cent losses across most contracts on Friday. The cmdtyView national average Cash Bean price is up 3 1/2 cents at $11.34 3/4. Soymeal futures are up $2.30 to $3.80 on the...
The wheat complex is trading with modest weakness on Friday. Chicago SRW futures are 1 to 3 cents in the red on the Friday session. KC HRW futures are down 7 to 8 cents at midday. MPLS spring wheat is...
Corn futures are showing gains of a penny in most front months on Friday. The CmdtyView national average Cash Corn price is up 1 cent to $4.23 1/2. The CBoT will be closed on Monday for Memorial Day, with...