In my minds eye, I see producers, laden with apples in their sacks, teetering on a dead limb to try to reach the last apple at the top.
Corn futures are trading with 7 to 8 ¼ cent gains in the front months on Wednesday. The CmdtyView national average Cash Corn price is up 8 1/2 cents at $4.14 1/2. Some premium may be going in the market...
Soybeans are in rally mode, with contracts 10 to 12 cents higher so far. The cmdtyView national average Cash Bean price is up 11 cents at $10.91 1/4. Soymeal futures are $2.70 to $3.30 high on the day,...
The wheat complex is reverting from early weakness to post marginal midday gains. Chicago SRW futures are fractionally to 2 cents higher. KC HRW futures is showing 1 to 3 cent gains at midday. MPLS spring...
A recent story in Barrons talked about how the predictive market site Kalshi was adding new commodities for "trading"; commodities like Natural Gas and Wheat.
Corn price action is up 3 to 3 ½ cents in the nearbys so far on Wednesday morning. Futures closed out the Tuesday session on a mixed note, with front months up 1 ½ to 2 ¾ cents and other contracts fractionally...
Soybeans are trading with 7 to 9 cent gains on Wednesday morning. Futures were lower on Tuesday with contracts down 3 to 6 ½ cents across most months. Open interest was down 10,682 contracts on Tuesday,...
Wheat is showing losses in the winter wheat contracts, with spring wheat posting steady to higher trade to start the midweek session. The wheat complex posted strength across the three exchanges on Tuesday....
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Corn futures today held up even while crude oil sold off. Typically, the prices...