Market Update – October 24, 2014

CBOT futures traded higher through the night, but headed lower once trading restarted at 830 am CT. November Soybean Complex options expire today. Pressure may be coming from profit-taking before the weekend and concerns that forecasts could turn wetter for South America. It appears that increased selling...

Market Closes – October 22, 2014

Corn and soybean futures closed lower (and near the day’s lows) after being higher in the first hour of pit-trading. The shootings in Ottawa, Canada in/near Parliament turned financial markets south and this seemed to weigh on CBOT futures as traders booked profits amid the rising uncertainty and risk that...

Market Closes – October 21, 2014

CBOT futures closed strongly higher with 2+ pct gains in corn and soybeans with prices finishing near the day’s highs as the funds were buyers in all three major pits. Even with today’s strong price moves, corn and soybean futures closed below last week’s highs. The December Soybean Meal contract...

Market Update – October 21, 2014

Corn, wheat and soybean futures are moderately higher after finishing the overnight session near steady. The rally began as the electronic trading restarted at 830 am CT. There’s no clear-cut reason for the rally; traders have had a bias to buy futures this month. Livestock futures traded opposite to the...

Market Closes – October 20, 2014

CBOT futures closed mostly steady to lower after erasing significant morning losses. Early pressure came from drier forecasts that should pick up the harvest pace. This afternoon’s report shows harvest behind schedule: Corn 31% vs 53% normal, Soybean 53% vs 66% normal. Strong soybean export shipments last...

Market Update – October 20, 2014

CBOT futures are lower across the board but a few cents off the day’s lows which were set mostly before the 930 am opening of the pits. Favorable harvest weather this week and a lack of bullish surprises in the weekly export inspections report are weighing on the markets. Technically, corn and soybean...

Market Closes – October 16, 2014

Markets turned out quite favorably today considering yesterday’s volatility and extreme price drops. Many analysts believe the financial markets will continue to experience elevated volatility and could test lower levels. But others are more positive on the equity markets. Only time will tell and the...

Market Update – October 16, 2014

Some calm has come over the commodity and financial markets today. The US equity markets started sharply lower but have even traded higher this morning. Treasury yields are rising as the “fear trade” comes off some. U.S. economic reports this week have been mostly positive but have not made the usual...

Market Closes – October 15, 2014

Most ag futures closed lower today with limit down moves in Feeder Cattle and Lean Hog futures. Grains moved higher early but worked lower during the day as the U.S. equity markets collapsed (stocks erased a large share of the losses by the 4 pm closing bell). Drier weather is approaching and the 2-week...

Market Update – October 15, 2014

CBOT futures are narrowly mixed with the outside markets getting traders’ attention. The US dollar is down sharply as is the US equity markets. USDA reported U.S. harvest progress at 24% for corn and 40% for soybeans. Live Cattle futures have turned positive in the nearby October and December contracts....

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