Again, combining Scott's comments, and the chart, leads me to continue to work aggressively towards protecting what is available, and continuing to hope for further follow through to the upside.
Funds Aggressively Short in Chicago Wheat
The corn market had recently seen bouts of strength but had been failing to maintain gains. Corn prices maintained early strength for once with strength spilling over from double-digit gains in the wheat...
Soybeans saw marginal gains of 2 to 3 ¼ cents in most contracts on Wednesday, with most contracts fading the USDA export sale announcement this morning, 6 to 8 cents off the highs. The cmdtyView national...
The wheat complex led the bulls charge on Wednesday, with contracts showing double digit gains across the front months. Chicago SRW contracts were rallying, as front months were up 11 to 17 cents and deferreds...
Corn futures kicked it into rally mode into Friday’s close, with contracts 5 ¼ to 7 ¼ higher on the day. The CmdtyView national average Cash Corn price was up 6 3/4 cents at $3.90. The market will...
Soybeans are up 2 to 4 cents so far on the Wednesday session, well off the early double digit gains. The cmdtyView national average Cash Bean price is up 2 1/2 cents at $10.77 3/4. Soymeal futures are...
The wheat complex is trading with double digit gains across the three markets at midday. Chicago SRW contracts are 15 cents higher in the front months. KC HRW futures are 14 to 15 ½ cents higher. MPLS...
Corn futures are up 4 to 5 ¼ cents across most contracts on Wednesday trade. The CmdtyView national average Cash Corn price is up 4 1/4 cents at $3.87 1/4. The market will round out the week on Thursday,...
September soybean meal futures present a value-buying opportunity on more price strength.