I anticipate feeder cattle to sell off sharply and maybe even produce a counter seasonal trade for which prices tend to rise from the first of December to the middle of February.
Wheat is showing weakness early in Wednesday morning trade. The wheat complex was mixed across the three exchanges on Tuesday, with spring wheat holding higher. Chicago SRW futures were fractionally mixed...
Corn price action is down fractionally to 2 cents so far on Wednesday morning. Futures posted gains of 4 to 5 cents across most contracts on Tuesday, following a bullish USDA report. Open interest was...
Soybeans are trading with 2 to 4 ½ cent losses early on Wednesday. Futures posted Tuesday losses of 6 to 8 cents in the nearbys, as contracts pulled off lows into the close. Preliminary open interest...
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Today's World Agricultural Supply and Demand Estimates (WASDE) report from the...
Bullish the Cattle Markets? Bearish the Grain Markets? I am, and this is my plan.
Corn futures posted gains of 4 to 5 cents across most contracts on Tuesday, following a bullish USDA report. The CmdtyView national average Cash Corn price was up 4 1/2 cents at $4.03 1/2. The monthly...
Soybeans posted Tuesday losses of 6 to 8 cents in the nearbys, as contracts pulled off lows into the close. The cmdtyView national average Cash Bean price was 4 3/4 cents lower at $10.18 1/4. Soymeal futures...
The wheat complex was mixed across the three exchanges on Tuesday, with spring wheat holding higher. Chicago SRW futures were fractionally mixed on the day. KC HRW futures also saw fractionally mixed action...
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