After a mostly bull friendly report, the wheat market is trading in the red through Friday’s midday. Chicago futures are down by double digits for midday, with 5 ½ cent losses in the KC wheat market....
Soybeans rallied out of the report initially, but gave it all back and then some for midday quotes 4 ¼ to 5 ¾ cents in the red. Soymeal is trading $1.60 to $1.70 weaker so far after the data. Midday...
Midday corn futures are trading a penny to 1 ½ cents in the red, following the report. March is sitting near the low for the day, and is 5 ¼ cents under the earlier high. USDA did not adjust the cash...
Nearby CBOT soft red winter wheat futures rose to a record high of $14.2525 in March 2022. At the most recent November 2023 low, the price was almost one-third the level at the 2022 all-time high. Wheat...
Crop Production - 2023-12-08
WASDE - 2023-12-08
Corn and soybeans gain ground ahead of this morning’s WASDE report while the wheat rally stalls out. These are the levels to watch for in today’s trade.
Corn prices are fractionally to a penny higher going into the USDA report day. Preliminary OI data had the market net new buying yesterday into the data with 2k new futures, 5.4k new calls, and 5k new...
Soybean futures are starting off Friday with 2 to 8 ¾ cent gains. USDA will release updated US and global supply/demand estimates at noon EST/11 am CST. The Soybean Oil futures led the soy complex on...
Front month wheat futures are currently a penny to 5 cents lower into the report day. Wheat prices settled the Thursday session near their highs with another gain day. KC led the way with 1.7% gains of...
