July and August will be critical months for bulls if a weather market develops in either corn or soybeans.
Corn futures made new lows in the overnight trade, but caught a wave of buying during the most important time of the trading day.
Corn futures are trading with contracts fractionally to 2 cents higher on Monday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.83 1/4. Crude oil is down $4.27 at midday, and provided...
Soybeans are posting 1 to 3 cent gains on Monday, shaking off the early session gains. The cmdtyView national average Cash Bean price is up 3 ½ cents at $10.63. Soymeal futures are down 10 to 30 cents,...
The wheat complex is trading with mixed action on Monday. Chicago SRW contracts are up 2 to 3 cents so far on the day. KC HRW futures are showing steady to penny losses at Monday’s midday. MPLS spring...
While the Krampus Countdown is still months away, HRW wheat has a different seasonal issue this summer.
Corn is testing major long-term support at $4.40, and with the June 30 USDA report and potential China tariff developments ahead, this level could be key to sparking a recovery rally.
Corn is trading with losses of 4 to 5 cents early on Monday morning. Futures slipped into the Friday close, with contracts steady to 1 ¾ cents higher on the day. July was down 4 ¾ cents last week, with...
Soybeans are showing 5 to 6 cents losses so far on Monday morning. Futures posted slight losses on Friday, with contracts steady to 2 ¼ cents in the red. July was down 8 cents on the week, with November...