Market Closes – November 25, 2014

Except for oats and rice, CBOT commodities soared higher on the leadership of nearby soybean meal futures. While soybean meal climbed higher throughout the day, the three major commodities (C,B,Wht) had a sharp jump near the closing bell to cement the strong, near-daily high, closing prices. It appears that...

Market Update – November 25, 2014

CBOT futures are strongly higher on a rally that began early this morning. Nearby soybean meal futures are leading the market up. Highs generally came after the 930 am pit opening. Cattle futures are lower except for the nearby December LC contract which is supported by firm cash markets. The January Feeder...

Market Closes – November 24, 2014

The major CBOT futures contracts closed lower with corn and wheat near the day’s lows. Soybeans ended about mid-range with a late rally. The holiday week could be impacting trading along with the approaching delivery period on December contracts. The December Oats contract was slammed as traders liquidated...

Market Update – November 24, 2014

CBOT futures are mixed with corn, beans and meal posting losses while wheat is barely higher on a better-than-expected weekly export inspections report this morning. Downside pressure is coming from favorable South American weather and a disappointing corn inspections report. Cattle futures are mostly lower...

Market Update – November 21, 2014

CBOT futures are little changed at midday. Prices rallied strongly at the 830 am opening but have sold off in the last hour. The US dollar is up strongly on China’s move to boost its economy with lower interest rates and the EU’s stimulus program. Cattle futures are slightly higher as traders remain...

Market Closes – November 20, 2014

CBOT futures posted strong gains today after trading around unchanged overnight. Initial support came from good weekly corn and soymeal export sales and a reported soybean export sale. Technical buyers jumped on board when it was apparent that December Corn was going to respect the 100-day moving average...

Market Update – November 20, 2014

CBOT futures are trading higher and near the day’s highs. Futures added to Wednesday’s losses in the overnight hours but worked higher into the 830 am electronic trade opening. The Export Sales report came out at that time and offered good news for corn. Prices shot higher at that time and have been able...

Market Closes – November 19, 2014

CBOT futures closed sharply lower as it appears that supply-demand fundamentals are changing to also turn some of the technical signals negative. If the speculators turn bearish, additional losses are likely. Fundamentals that suggest prices could weaken include: loss of soybean meal export deals, rumored...

Market Update – November 19, 2014

CBOT futures are strongly lower as the technical and fundamental pictures have a negative bias. Nearby corn and soybean futures broke uptrend lines on Tuesday’s closes. Trade talk of imported French feed wheat and export soybean meal sales being switched to South America are not good signs for demand. High...

Market Closes – November 18, 2014

CBOT futures closed lower to varying degrees. Attempts to follow through on Monday’s soybean and meal rally failed early this morning and prices slid lower throughout the day. Corn also followed this pattern so corn and bean finished near the day’s lows. Wheat rallied at the closing bell to minimize...

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