Grain markets got hit hard on Monday but were able to stabilize on Tuesday. Headlines and technicals continue to be key drivers in price action. These are the levels we are watching closely this week....
Cattle feeders took it upon themselves to bid feeder cattle higher in the face of mounting input costs the past two days. Feed, fuel, and money remain elevated in comparison to just 3 weeks ago.
Wheat is falling lower on so far on Tuesday’s midday. Chicago SRW futures are 5 to 7 cents in the red so far. KC HRW futures are 8 to 10 cents lower at midday. MPLS spring wheat is down 5 to 6 cents...
Soybeans are showing a bounce on Tuesday, with turnaround action of 6 to 15 cents higher. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.86 1/4. Soymeal futures are $0.80 to $1.00...
Corn futures are trading with fractionally mixed action on Tuesday, shrugging off early weakness. The CmdtyView national average Cash Corn price is down 1/2 cent to $4.10. Crude is up $2.52 at midday....
Corn price action is up fractionally to 2 cents so far on Tuesday morning. Futures posted 12 to 13 1/4 cent losses in the nearbys on Monday. Preliminary open interest was down 23,389 contracts on Monday...
Soybeans are trading with 4 to 7 cent gains so far on Tuesday morning as new crop November us up 12 ½ cents. Futures were down 60 to the 70 cent limit on Monday across the front months. Expanded limits...
Wheat is showing 2 to 3 cent losses across the front months in the three exchanges on Tuesday morning. The wheat complex posted Monday losses across the three markets. Chicago SRW futures were 16 to 17...
Corn futures posted 12 to 13 1/4 cent losses in the nearbys on Monday. Pressure is coming from beans and crude oil slipping $4.49. The CmdtyView national average Cash Corn price was down 13 cents to $4.11...
Soybeans were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. The cmdtyView national average Cash Bean price was down 70 1/2 cents at $10.80...