Live cattle futures have weakened, but this is not a story of expanding cattle supplies. Larger near-term feedlot inventories are pressuring prices, while fewer placements and a smaller calf crop point...
Corn futures are showing fractional to 1 ¼ cents so far at Monday’s midday. The CmdtyView national average Cash Corn price is down 1 1/4 cents at $4.35. The ProFarmer Crop Tour started on Monday, with...
Soybeans are trading with 4 to 6 cent gains across most contracts on Tuesday. The cmdtyView national average Cash Bean price is up 5 1/2 cents at $11.81. Soymeal futures are slipping 60 cents in the front...
Wheat is trading with mostly lower action on Tuesday. Chicago SRW contracts are 5 to 8 cents in the red so far on the session. KC HRW futures are down 9 to 10 ½ cents in the front months. MPLS spring...
Jim’s Video covers the soybeans market (and includes a significant word, or two, about sugar, as well)
Soybeans are trading with early Tuesday 6 to 7 cent gains Futures saw gains of 12 to 23 ½ cents across the board on Monday. Open interest was down 820 contracts, with November dropping 5,913 contracts,...
Wheat is extending the mixed trade to Tuesday, with Chicago the weaker of the three exchanges. The wheat complex saw mixed action to close out the Monday session. Chicago SRW contracts saw fractionally...
Corn price action is up 1 to 2 cents so far on Tuesday morning. Futures closed the Monday session with contracts 3 to 6 ¼ cents higher across most months. Open interest suggested net new buying, up 15,298...
While a few markets saw what could be called Turnaround activity overnight through early Tuesday morning, the bulk of the commodity complex continues to find solid fund buying.
Technical analysis of weekly nearby soybean futures shows the key $1200–$1270 level shifting from long-term support to active resistance.