Market Closes – January 23, 2015

CBOT futures closed mostly lower, albeit by a minimal amount. Corn futures managed a small gain thanks to this morning’s Weekly Export Sales Report which had a very surprisingly LARGE number. In contrast, the soybean sales report was disappointingly small due to the Chinese purchase cancellations earlier...

Market Update – January 23, 2015

CBOT futures are trading narrowly mixed again today. Corn futures are performing the best due to this morning’s USDA report of very strong weekly corn export sales. Otherwise, there’s no real change in fundamental news. In livestock markets, the “trend is your friend” – unless you own...

Market Closes – January 22, 2015

Affecting many markets, commodity and financial, was this morning’s confirmation that the European Central Bank (ECB) will begin a $70 billion/month bond-buying program (monetary easing) in March. This mimics the QE program the U.S. Federal Reserve used to support our economy over the last several years. A...

Market Update – January 22, 2015

CBOT futures are mixed at midday but have bounced off the morning lows in the past half-hour. Market pressure comes from a much stronger US Dollar which results from this morning’s ECB announcement of a large quantitative easing program for the EU (this was expected). Soybeans felt the most pressure when...

Market Closes – January 21, 2015

CBOT futures traded both sides of unchanged and closed narrowly mixed. Tuesday’s price rebound carried into overnight price strength with the help of a much weaker US Dollar. But bullish momentum faded for corn and wheat as the Dollar rallied late morning back to yesterday’s highs. The soy market proved...

Market Update – January 21, 2015

CBOT futures are mixed at midday, having bounced back from a late-morning sell-off. Overnight strength gave way once more traders hit the market at 830 am CT. The US dollar was down significantly early this morning but has rallied sharply into the noon hour. This may be weighing on the CBOT. Higher energy...

Market Closes – January 20, 2015

CBOT futures closed mixed with the early morning price weakness being reversed after 11 am CT with closing prices near the day’s highs. The selling pressure from fund liquidation probably subsided and shorts covered their positions. Outside markets (energy, dollar) were bearish and South American crops...

Market Update – January 20, 2015

CBOT futures are lower to sharply lower (in soy complex). Outside markets are weighing on prices as the US Dollar is stronger and energy futures are lower. Soybeans are under pressure from favorable weather in South America and by China’s cancellation of some U.S. export cargoes (switching to South...

Market Closes – January 15, 2015

Soybean and soybean meal futures led the CBOT lower after being higher overnight. These markets dropped despite a strong weekly export sales number. Traders instead focused on the bearish reversal in the outside markets(crude oil, equities), a stronger US dollar, improved weather forecasts for South...

Market Update – January 15, 2015

CBOT futures are trading mixed with large losses in the soy complex. Overnight gains began to disappear once e-trade began at 830 am CT. The down moves may have been influenced by the bearish reversal in crude oil futures and equities following oil lower, as well as the USDA Export Sales Report. March...

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