Market Closes – August 14, 2014

CBOT futures closed mostly higher with soybean oil being the major exception. Strong weekly export sales for corn and soybeans were supportive. Soybean oil futures have fallen 2 cents/lb in the past four days under pressure from the palm oil market and falling crude oil prices. Corn futures closed up for the...

Market Closes – August 13, 2014

CBOT futures are still working through yesterday’s USDA Crop Production and supply-demand updates. Corn found some support from better-than-expected numbers, but soybeans were pressured by the negative soybean oil market(due to palm oil) and expectations that rainfall over the next week could boost yields...

Market Update – August 13, 2014

CBOT futures edged higher overnight but sold off soon as the 830 am electronic trading opened. CBOT futures are narrowly lower, pressured by the old-crop soybean contracts. The August Soybean Meal contract is getting squeezed today with a jump of $33 to $433/ton. August soy complex contracts expire at Noon...

Market Closes – August 12, 2014

CBOT futures closed steady to lower after today’s USDA reports which had a mix of results relative to what the trading community expected. The reports were considered neutral to bearish for corn and soybeans. CBOT futures traded wide ranges in the moments after the report release but corn and soybean...

Martket Closes – August 11, 2014

CBOT futures closed mixed as traders prepared for tomorrow’s USDA crop production estimates. This is the first report of the 2014-15 crop year that is based on surveys of farmers and physical field plots. Corn futures traded higher as Friday’s closes were very close to key chart support.  Soybean...

Market Update – August 11, 2014

CBOT futures are trading narrowly mixed as traders position themselves for tomorrow’s USDA report at Noon EDT. The average yield from private analysts estimates are 170 bu/acre of corn and 45.6 bu/acre on soybeans per Reuters. The highest yield prediction is 174.8 on corn and 47.0 on soybeans. The August...

Market Closes – August 8, 2014

CBOT futures closed mixed with soybean and meal futures breaking the pattern seen in the rest of the grain futures. The soy rally was powered by the expiring August Soybean contract which soared 34 cents due to cash market tightness and a lack of soybean stocks which can be used to satisfy the CBOT August...

Market Closes – August 6, 2014

CBOT futures closed higher with WHEAT lifting all boats today. Corn and soybean futures saw buying at the end of the day to put the closing prices at/near the highs. Wheat futures closed 4-6 cents off the day’s highs that were set in the morning. Chicago Wheat futures have a positive technical outlook and...

Market Update – August 6, 2014

CBOT futures are higher with WHEAT futures leading the way on technical-based buying supported by fundamentals of world quality concerns and Russia’s buildup of troops on Ukrainian border. The funds are short wheat futures and are fueling the rally. KC and MGE September contracts are testing key chart...

Market Closes – August 5, 2014

Corn Sep -2 356; Dec -2 367; Dec’15 -3 410 Bean Sep -14 1081; Nov -14 1066; Nov’15 -12 1073 Meal Sep -5 356 Oil -55 3557 Wheat Sep +8 552; Jly +8 612 KC +4 643; MGE +6 629 Oats +9 360 Rice -15 1267 LC Aug +22 15845; Dec -42 15590; Apr -52 15575 FC Aug +27 22125; Oct -30 22005; Mar -37 21112 LH Aug -122...

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