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Oliver Sloup on Markets on the Move: Grain markets saw some chart damage on Friday which led to additional weakness to start this week’s trade. Where’s the support? Tune in for more.
Cattle feeders are continuing to bid higher for incoming inventory, at a time when even fewer cattle are anticipated available, and woefully too much production capacity.
The bears are in control to start this week’s trading.
Corn futures are down 2 to 3 cents across most contracts on Monday. The CmdtyView national average Cash Corn price is down 2 1/4 cents at $3.94 1/2. A private export sale of 150,320 MT of corn was sold...
The wheat complex is trading with losses on Monday. Chicago SRW futures are 8 to 9 cents across most contracts to start the week. KC HRW futures are 6 to 7 cents in the red at midday. MPLS spring wheat...
Soybeans are trading with Monday midday losses of 5 to 7 cents. The cmdtyView national average Cash Bean price was 6 cents lower at $10.00 1/2. Soymeal futures are up 90 cent to $1.20, with Soy Oil futures...
Oliver Sloup joins RFD-TV for another market update, Corn, soybeans, and wheat are trading below technical support, where are the next support levels to keep an eye on? Tune in to find out more!
What does the structure of the soybean futures market tell us about investment opportunities in the market?