Market Closes – April 17, 2014

CBOT futures closed mostly lower going into the 3-day weekend.  Warmer weather should increase corn planting although rainfall is expected to be above normal.  Soy futures dropped on fund selling as traders took profits.  China’s apparent cancellation of soybean imports suggests some caution is...

Market Update – April 17, 2014

Corn and soybean futures traded higher overnight but have been selling off during the morning trade.  Soybeans hit new contract highs before reversing lower. Traders may be lightening their positions ahead of the 3-day Easter weekend. There’s more talk of China defaulting on nearby soybean imports. ...

Market Closes – April 16, 2014

Tonight’s 6-10, 8-14 day NWS outlook shows above normal temperatures east of the Rockies. Above normal rainfall is expected from the central Corn Belt down through central Texas. Visit NWS site. CBOT futures moved sharply in opposite directions as the soybean bulls, including spec funds, charge ahead in...

Market Update – April 16, 2014

CBOT futures are trading mixed like most of Tuesday, with old-crop soybeans performing the best. Corn futures are down on ideas that near-term weather is going to help corn planting advance. Ethanol prices have been dropping this month as supply concerns wane.  Wheat futures are now weaker on lack of...

Market Closes – April 15, 2014

The early morning strength in the soy complex was supercharged at 11 am CT when NOPA released a bullish, better-than-expected soybean crush report – 153.8 million bushels crushed in March is a record high for this month and exceeded average trade guesses at 146 million.  Once the nearby May contract...

Market Update – April 15, 2014

CBOT futures are mixed with old-crop soybean and meal contracts posting strong gains from the ongoing tightness in U.S. supplies until 2014 harvest. Futures have been somewhat volatile this morning as traders try to figure out what factors are most important – such as freeze damage to wheat, cool soil...

Market Closes – April 14, 2014

CBOT futures closed strongly higher on fund buying as rising tensions in the Ukraine concern traders, as does the slow beginning to corn planting, which this week’s cold weather will not improve. Tonight’s sub-freezing temperatures in the central Plains could damage some wheat. Today’s wheat ratings...

Market Update – April 14, 2014

CBOT futures are up strongly on mostly bullish news items.  The weather remains difficult for getting corn planted and for the Plains wheat crop where drought is a problem and now sub-freezing temperatures tonight could damage some of the crop. Wheat and corn futures are also supported by concerns that the...

Market Update – April 11, 2014

CBOT futures are trading mixed with big losses in the soy complex and small gains in the wheat pits.  Strong belief, if not confirmation, of China cancelling old-crop soybean purchases continues weighing on soybean and soybean meal prices. Wheat futures are up slightly after being much weaker early this...

Market Closes – April 10, 2014

CBOT futures traded wide ranges with mostly negative closing prices. However, the early losses were greatly reduced as the market rallied the last couple hours of trade.  Old crop soybeans lagged the rally due to concerns that some export sales to China may get cancelled. Cattle futures closed mostly lower...

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