Wheat Jul '23 (ZWN23)

Corn is very near the lowest price recorded over the past few years despite the 52 week low carry yield. Diving deeper, the technicals for Corn are sending mixed signals depending on the chart and timeframe...

Cattle Makes new all-time high for the lead contract then breaks down

The corn market closed out the Thursday session with contracts down ½ to 6 ¼ cents, retreating from the early week rally. The national average Cash Corn price from cmdtyView was down 5 cents at $4.15....

The wheat complex closed with weakness across the three markets on Thursday. Chicago SRW futures were 4 ¼ to 4 3/4 cents lower across the board. KC HRW contracts were down 4 ¼ to 5 cents on the day....

The soybean market posted a mixed Thursday close, as contracts were down 1 ¾ to ½ cent higher. CmdtyView’s national front month Cash Bean price was steady at $9.46 1/2. Soymeal futures were down $1.1...

Open interest increased significantly at the known top of the market. This means that every new long position in futures owns cattle at near contract highs, and not too far from all time cash high.

Corn has been outperforming soybeans as of late, are the tides about to turn?

The soybean market is showing 4 to 6 cent losses in the front months on Thursday. CmdtyView’s national front month Cash Bean price is down 5 1/2 cents at $9.41 3/4. Soymeal futures are down $2.70/ton...

The corn market is facing 4 to 6 cent losses across the nearbys to Thursday’s midday. There were 172 deliveries issued against December corn futures overnight, all by a Marex customer. The national average...

The wheat complex is trading with weakness across the three markets at midday. Chicago SRW futures are 6 1/2 cents lower in the March contract. There were another 5 deliveries issued against December CBT...