Market Closes – July 30, 2014

Soybean futures closed lower and near the day’s lows as rain potential seems to be increasing for next week. Corn futures closed steady with a buying surge in the final minutes of trading. Corn benefited from wheat’s strong showing today. Traders remain very positive on the cash cattle and beef markets...

Market Update – July 30, 2014

CBOT futures are mixed today with pressure coming from the stronger US dollar(higher interest rate) and expectations of rain in the Corn Belt next week. Wheat is stronger on short-covering following news of a US Wheat sale. Cattle futures are up strongly as it appears traders are thinking last week’s cash...

Market Closes – July 29, 2014

CBOT futures fell sharply today as Monday’s weather concerns were calmed somewhat with increased rain chances next week. However, tonight’s NWS 6-10 outlook still calls for below-normal rainfall as well as temperatures. Wheat futures dropped the most as global supplies are plentiful and the US spring...

Market Update – July 29, 2014

CBOT futures are significantly lower and near the day’s lows. The sell-off began overnight in electronic trading. Negative factors include some technical resistance levels, forecasters adding more rain to the extended forecasts, and negative outside markets. Wheat futures moved to new contract lows. Expect...

Market Closes – July 28, 2014

The downside of the persistent below-normal temperatures is becoming apparent – a lack of rain. The weather pattern is stuck with a cool, dry area over most of the Corn Belt. Consequently, traders are beginning to buy corn and soybean futures on ideas that yield predictions may have maxed out. Continued...

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...

« Older Entries