| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 3,940 +5.08% on 05/10/22 | | 4,442 -6.80% on 05/10/22 | +92 (+2.27%) since 04/18/22 |
| 3-Month | 3,746 +10.52% on 02/23/22 | | 4,495 -7.90% on 03/24/22 | +358 (+9.47%) since 02/18/22 |
Beans Hit Target and Fail for Now
I discussed the recent action in the wheat, soybean, and corn markets on AgWeb's Market's Now with Michelle Rook today. We also talked about the cattle markets and gold.
Soybeans faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some strength on the day,...
The wheat complex is continuing to lead the grains bull charge this week. Kansas City futures were up 10 ¾ to 16 ¾ cents on the session. Chicago contracts were up 9 ½ to 12 cents at the close. Spring...
Corn futures extended the front month losses into the close, as contracts through Dec were down 2 to 5 ¼ cents. For 2025 contracts and beyond, trade closed with contracts with in 1 ¾ cents on either...
No rest for the weary in this market. Nellie is nervous and with the continual issues of the bird flu being examined, there is likely to be more restraints placed until we can get a handle on this issue....
Soybeans prices are showing 3 to 5 cent gains in the nearbys on Wednesday. Soymeal is posting strength to lead the complex higher, up $4.80 to $5.20/ton, with Soy Oil back down 59 to 63 points. USDA did...
Corn futures are pulling back in the front months on Wednesday, with losses of 1 to 2 cents. New Crop December is up ½ cent at midday. EIA’s weekly petroleum report tallied ethanol production at 954,000...
The wheat complex is continuing to rally at midday, nearing the highest prices since February. Kansas City continues to lead the charge, with gains of 13 to 17 cents. Chicago contracts are up 10 to 13...
The Barchart Trading Guide is a Sell Signal with a Weak Signal Strength.
| Symbol | Last | Change |
|---|---|---|
| XUK22 | 4,140s | -69 |
| DCE Soy Meal May '22 | ||
| XUU24 | 3,381s | +17 |
| DCE Soy Meal | ||
| ZCN24 | 449-6 | +1-2 |
| Corn | ||
| ZSN24 | 1177-4 | -4-0 |
| Soybean | ||
| ZMN24 | 347.3 | -1.9 |
| Soybean Meal | ||
| ZLN24 | 45.36 | +0.09 |
| Soybean Oil | ||
| ZWN24 | 620-0 | +7-0 |
| Wheat | ||
| KEN24 | 634-0 | +4-0 |
| Hard Red Wheat | ||
| MWN24 | 690-0 | +4-4 |
| Spring Wheat | ||
| ZON24 | 352-6 | -1-0 |
| Oats | ||
| ZRN24 | 19.400 | -0.015 |
| Rough Rice | ||
| RSN24 | 640.60 | +1.20 |
| Canola | ||
| 3rd Resistance Point | 4,140 |
| 2nd Resistance Point | 4,140 |
| 1st Resistance Point | 4,140 |
| Last Price | 4,140s |
| 1st Support Level | 4,140 |
| 2nd Support Level | 4,140 |
| 3rd Support Level | 4,140 |
| 52-Week High | 4,495 |
| Last Price | 4,140s |
| Fibonacci 61.8% | 3,882 |
| Fibonacci 50% | 3,693 |
| Fibonacci 38.2% | 3,503 |
| 52-Week Low | 2,890 |
