Market Closes – September 3, 2015

CBOT futures closed lower with pressure from a rising US dollar and the release of crop forecasts by the Informa group. Their corn and soybean production estimates are higher than many other private forecasts. USDA will settle the “debate” next Friday. Wheat futures fell to new contract lows as the...

Market Closes – September 2, 2015

CBOT futures closed mostly lower today with KC and MGE wheat hitting new contract lows. Corn and soybean futures sold off through mid-morning but then rallied into the closing bell and finished near mid-range. Weighing on prices were favorable weather and a stronger US dollar. The pace of corn harvest will...

Market Closes – September 1, 2015

CBOT futures closed mostly lower (except Chicago Wheat) due in part from the bearish outside markets. U.S. equities and energy futures fell sharply today on negative economic news out of China overnight. Last night’s crop condition ratings held steady for the 18-major states so yield threats seem minimal...

Market Update – August 28, 2015

CBOT futures are trading mixed on a general lack of market news. Since Monday’s volatile price day, CBOT futures have generally stayed within that day’s price ranges. The exception is soybean oil which today is breaking above Monday’s highs as crude oil has rallied strongly off the early-week lows. In...

Market Closes – August 25, 2015

CBOT futures closed mixed again today with prices moving opposite to Monday’s market. Nearly all markets were very volatile again today. U.S. equities were up big at the opening, but sold off sharply in the last hour of trading to close lower. Corn and wheat were pressured by a stronger US Dollar, while...

Market Closes – August 24, 2015

CBOT futures closed mixed but well off the morning lows caused by the huge selloff in the financial and energy markets. A large drop in the value of the US dollar encouraged buyers but soybean futures finished on the negative side since China is such a big customer. Also Brazil’s currency fell more than...

Market Update – August 24, 2015

Today’s financial and commodity markets have been extremely volatile with huge losses posted earlier this morning. The market’s worry about China’s economy and the risk of global economic problems carried over the weekend and was magnified by traders selling financial futures. Once the NYSE opened,...

Market Update – August 21, 2015

Extreme losses in energy and U.S. equities are weighing on commodity futures despite a weaker U.S. dollar. Traders and investors are growing more concerned about China’s economy and its impact on global economic conditions. Note the VIX is up sharply, indicating the “fear” in the equity market. Big...

Market Update – August 20, 2015

CBOT futures are mostly higher with Chicago Wheat posting the best gains as futures bounce off key chart support. Corn and soybeans are higher but have not exceeded yesterday’s highs. Soybeans hit new lows overnight before starting to rally at 7 am; futures are now near the day’s highs. Outside market...

Market Closes – August 19, 2015

CBOT futures closed mixed as corn and soybean trade different stories. As a private crop tour’s findings support ideas that corn won’t yield as well as USDA forecasted last week, corn futures continue to work higher off last week’s report-induced lows. On the other hand, soybean futures fell below last...

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