Market Closes – July 24, 2014

Grain and livestock futures experienced more price volatility today than was seen earlier this week. This indicates more uncertainty as to what the “correct” price is for current supply-demand conditions. Soybeans led the market today, adding to Wednesday’s gains. Soybean futures moved higher overnight...

Market Update – July 24, 2014

Soybean and soymeal futures are strongly higher, supported by good export demand and concerns about a drier forecast. Corn and wheat futures rallied very early today with the soy complex, but fell sharply between 830 and 930 am with December Corn hitting a new contract low. Those sharp losses have moderated...

Market Closes – July 23, 2014

CBOT futures closed higher led by soybeans and meal. Strong export demand and a firm cash market caused a short-covering rally back near Tuesday’s highs. Although forecasts still call for cool weather, there is growing attention to a lack of widespread rainfall. August is the critical month for soybean...

Market Closes – July 21, 2014

Due to favorable growing conditions and weather forecasts for the main Corn Belt, CBOT futures gapped lower when trade opened Sunday night. December Corn and November Soybeans left the gaps open with corn futures moving to new contract lows. November soybean contract tested the July 11th low. This...

Market Update – July 21, 2014

CBOT futures are lower as U.S. growing conditions are excellent and extended forecasts don’t show any problems. Corn and wheat futures are technically weak, hitting new contract lows. November Soybeans are testing last week’s contract low. Cattle futures are higher following through on Friday’s...

Market Closes – July 18, 2014

U.S. markets of all types appeared to shrug off the Ukraine/Russia and Israel situations as significant risks to economies, trade and prices. Fundamentals for ag commodities are bearish into 2015 and SP500 corporate earnings reports have been better than expected on average. Wheat futures dropped sharply,...

Market Update – July 18, 2014

CBOT futures are mostly lower as traders/investors continue to unwind some of the risk premium that was priced into the market after news broke of the Malaysian airplane being shot down over the Ukraine. Wheat futures have erased all gains made yesterday. Cattle futures are moderately higher as traders...

Market Update – July 17, 2014

Markets are influenced by today’s shooting down of a Malaysian passenger plane over Ukraine; details are unknown. CBOT futures, especially wheat, soared when the news hit the market. Black Sea supplies could be restricted if Ukraine/Russia situation worsens. However, prices have backed off the reactionary...

Market Closes – July 16, 2014

Corn and soybean futures closed higher but well off the day’s highs that came right after 830 am when USDA announced export sales. It’s not surprising to see a bounce after prices have fallen so far for so long (Oversold). Also the weather and yield expectations are about as good as it gets so it’s...

Market Update – July 16, 2014

Corn and soybean futures are trading higher this morning on follow-through buying that developed on Tuesday. Some export sales announcements at 830 am CT caused a sharp price pop that disappeared as quick as it appeared. Still it appears there’s some short-covering occurring amid the “oversold”...

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