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...

Market Closes – November 17, 2014

Strength in nearby soybean meal futures lifted the soy complex to strong closes with soybeans near the day’s highs. Positive news for soybean price included record weekly soybean exports and a record-large October soybean crush figure released by NOPA. Marketing season-to-date soybean export shipments are...

Market Update – November 17, 2014

CBOT futures are trading mixed at midday. This morning’s Weekly Export Inspections Report for last week’s shipments appears to have weighed on corn and wheat futures as those totals disappointed traders. A good export number for soybeans lifted soybean futures although this contract has been bouncing...

Market Closes – November 14, 2014

CBOT futures closed mixed with soybean and meal futures dropping sharply. For the week, soybean and meal closed near the week’s lows which were set Monday and Tuesday. On the other hand, wheat futures, especially for Chicago contracts, closed up sharply for the week and near the day’s highs (all 3...

Market Closes – November 13, 2014

Corn, soybean and wheat futures closed higher with corn performing best. Soybean futures rallied hard at the 830 am market opening but spent the rest of the day losing ground. December Soybean Meal followed the same pattern but actually posted a negative close. With talk of Argentinean soymeal headed for...

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