There are no words for the price action this week.
Soybeans are falling from the intraday highs by 20+ cents, as contracts are steady to a couple cents higher in the front months. The cmdtyView national average Cash Bean price is 1/2 cent higher at $10.47...
Corn futures are down 3 to 4 ½ cents in the front months on Friday. The CmdtyView national average Cash Corn price is down 4 3/4 cents at $3.97. The average close so far this week for December futures...
The wheat complex is trading with midday losses across the three markets on Friday. Chicago SRW futures are trading with 5 to 6 cent losses on Friday. KC HRW futures are down 5 to 7 cents in most contracts....
Continuing with my view of commodities as long-term investment opportunities, and the lesson learned to "Own what you know", let's take a look at long-term investments in Grains at the end of January.
Soybeans are trading with contracts 5 to 6 1/2 cents higher in the front months, with new crop lagging behind. Futures closed 18 to 21 ¼ cents higher on Thursday, with new crop contracts up 7 to 11 cents....
Wheat is trading with winter wheat contracts higher and spring wheat lower. The wheat complex posted gains across the three markets on Thursday. Chicago SRW futures closed 7 to 9 cents higher in the front...