Wheat is trading with losses in the three markets so far on Monday morning. The wheat complex gave into weakness on Friday, as a $0.893 gain in the dollar index added some pressure. Chicago SRW futures...
Corn prices are down 1 to 2 cents in the nearby contracts on Monday morning. Futures closed the Friday session with contracts pulling off midday lows but still down 2 to 4 cents. March was down 2 ¼ cents...
Soybeans are down 6 to 7 cents across the front months to start February trade. Futures posted weakness to close out Friday, with contracts 8 to 10 cents in the red. That pushed March lower on the week...
There is a red glow emanating from the commodity complex early Monday morning.
Relative value between corn and wheat creates repeatable spread opportunities driven by substitution, seasonality, and supply dynamics.
Month end, outside markets, rumors, drive futures lower
WALSH PURE SPREADER - Pure Hedge Division
Corn futures closed the Friday session with contracts pulling off midday lows but still down 2 to 4 cents. March was down 2 ¼ cents this week. The CmdtyView national average Cash Corn price was down 2...
Soybeans posted weakness to close out Friday, with contracts 8 to 10 cents in the red. That pushed March lower on the week by 3 ½ cents. The cmdtyView national average Cash Bean price was 7 1/2 cents...