Cattle Approaching Contract Highs - Feeders Up Almost 5-Bucks - Beans Ready to Break?
Grain markets saw follow-through strength in the early morning trade but fizzled into the afternoon. What's next for prices?
Kind of an odd day of trading where cattle feeders just took it on the chin if placing cattle today.
The wheat market is trading with contracts mostly higher at midday on Tuesday. Chicago SRW futures are 5 to 6 cents higher at midday. KC HRW futures are up 4 to 5 cents so far on the day. MPLS spring wheat...
Corn futures are trading with contracts fractionally to a penny lower at midday on Tuesday. The CmdtyView national average Cash Corn price is down a penny to $4.36 3/4. NASS Crop Progress data showed...
Soybeans are showing fractional to 5 cent gains at midday, with new crop leading the charge. The cmdtyView national average Cash Bean price is up 3/4 cents at $11.50 3/4. Soymeal futures are down 80 cents...
Corn prices are up ½ to 1 ¼ cents so far on Tuesday morning trade. Futures were in rally mode on Monday, as contracts closed 14 ½ to 21 ¼ cents higher across most 26/27 contracts. Open interest suggested...
Soybeans are showing some modest buying in the front months on Tuesday another 1 to 2 ½ cents higher, Futures were up 19 ¾ to 36 cents across most contracts on Monday, as bulls took some of last week’s...
Wheat is showing 4 to 7 cent gains early on Tuesday. The wheat market was sharply higher across all three exchanges on Monday, following a White House fact sheet release over the weekend. Chicago SRW futures...