So far this week, corn has rallied sharply, diesel fuel rallied to within $.16 of contract high, and interest rates rose sharply.
Corn futures are showing 7 to 8 cent losses so far on Wednesday. There was just 1 delivery notice against July futures overnight. The CmdtyView national average Cash Corn price is 7 ½ cents lower at $4.05...
The wheat complex is trading with midday losses on Wednesday. Chicago SRW contracts are posting 2 to 8 cent losses on Wednesday. KC HRW futures are showing 3 to 7 cent lower trade at midday. There were...
Soybeans are mixed at midday with old crop and new crop spreading at midday, as front months are up 1 to 5 ½ cents and new crop contracts down 3 to 5 cents. The cmdtyView national average Cash Bean price...
Corn price action is steady so far on Wednesday morning. Futures extended the rally to Tuesday, with contracts closing 3 ½ to 6 ¾ cents higher, as July was just 1 ¾ cents higher. Open interest suggested...
Soybeans are trading with 8 to 11 cents higher in the nearbys early on Wednesday, with November up 3 cents. Futures found late session strength to post 2 to 9 ¾ cent gains, as nearby July was up 14 ½...
Wheat is showing 3 to 5 cent gains so far on Wednesday morning. The wheat complex found late session strength on Tuesday. Chicago SRW contracts were 3 ¼ to 7 ¼ cents in the green on the day. Open interest...
Turn around Tuesday turned into Follow Through Tuesday with corn, soybeans, and wheat shrugging off early weakness and finishing higher on Tuesday. How much more upside is left from here?
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. The wheat market today showed a bit less strength compared to corn and soybeans,...
Corn futures extended the rally to Tuesday, with contracts closing 3 ½ to 6 ¾ cents higher, as July was just 1 ¾ cents higher. The CmdtyView national average Cash Corn price was a nickel higher at $4.13...
