Corn market technical analysis: December futures face selling pressure as a daily death cross forms at the intersection of the 50-day and 200-day moving averages.
Corn price action is down 5 to 6 cents so far on Tuesday morning trade. Futures slipped into the Monday close as contracts were mostly 1 ½ to 2 ¾ cents higher. July was down ¼ cent. Preliminary open...
Wheat is showing 3 to 5 cent losses across most contracts. The wheat complex was lower across the three exchanges. Chicago SRW contracts were fractionally to 5 cents lower on the day. Open interest was...
Soybeans are trading with 5 to 7 ¼ cent losses early on Tuesday. Futures closed with Monday gains of 4 to 5 ½ cents. Open interest suggested new buying, up 6,710 contracts on Monday. The cmdtyView national...
Grain markets tested and failed against significant resistance to start the week. Is that all we get for a rally, or is this just a healthy correction in a longer term uptrend?
Corn futures slipped into the Monday close as contracts were mostly 1 ½ to 2 ¾ cents higher. July was down ¼ cent. The CmdtyView national average Cash Corn price as 1 1/2 cents higher at $4.10. The...
The wheat complex was lower across the three exchanges. Chicago SRW contracts were fractionally to 5 cents lower on the day. KC HRW futures were down 4 ¼ to 10 cents at the close. MPLS spring wheat was...
Soybeans closed with Monday gains of 4 to 5 ½ vents. The cmdtyView national average Cash Bean price was up a nickel at $11.50 3/4. Soymeal futures were down $3.20 to $6.30, with Soy Oil futures 148 to...
The focus is on the December and February fat cattle. Currently, they will be the most expensive inventory ever placed to date.