I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The only grain market staying above the 200-day moving average is Chicago Wheat,...
Corn futures fell back off midday gains on Tuesday, with contracts steady to 1 ½ cents lower, with a ¾ cent gain in front month July. The CmdtyView national average Cash Corn price was up 1 1/2 cents...
Soybeans were weaker on Tuesday, with contracts closing fractionally to 4 ¾ cents lower. The cmdtyView national average Cash Bean price was up 1/4 cent at $10.58. Soymeal futures were down $1.60 to $2.70...
The wheat complex posted mixed action on Tuesday. Chicago SRW were up ½ to 2 cents in the front months on Tuesday, with other contracts down ¼ to 1 ½ cents. KC HRW futures saw fractional to 1 ½ cent...
The grain markets started to separate from crude oil price action a few weeks ago but it was interesting that even crude couldn’t bounce much today after President Trump commented on Iran shooting down...
Cattle Markets Continue to Look Strong and Trade Higher - The Grain Could Continue Lower for a While.
Last Thursday's low, to last Friday's high, remains the trading range for fats. I don't expect prices to come out of that range this week.
Corn futures are showing 1 to 2 cent gains in the front months on Tuesday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.87 3/4. USDA reported a private export sale of 120,000...
The wheat complex is trading with Tuesday midday gains across the three markets. Chicago SRW are trading with 3 to 5 cent gains in the nearby contracts. KC HRW futures are up 4 to 6 cents in the front...
Soybeans are trading with modest Tuesday weakness of 2 to 3 ½ cents at midday. The cmdtyView national average Cash Bean price is down 1 3/4 cents at $10.56. Soymeal futures are down 10 cents to 50 cents...