Market Closes – March 27, 2015

CBOT futures closed mixed. The steady close in corn futures is positive given yesterday’s bearish price reversal. Soybean futures ended the week with 4 straight days of losses following the Friday/Monday sharp rally. Soybean Meal futures did the same thing. Soybean Oil fell sharply today in sympathy with...

Market Closes – March 26, 2015

After moving higher overnight, CBOT futures closed lower with sharp losses in wheat. Disappointing weekly wheat export sales started the slide with the price decline magnified by technical selling as support levels broke. Corn futures eventually followed wheat lower and charted bearish reversals today as...

Market Update – March 26, 2015

CBOT futures are trading lower with prices at or near the day’s lows. CBOT traded higher overnight but headed lower by 9 am, led down by the wheat contracts. Weekly export sales were disappointing for wheat, but strong for soybeans. Wheat futures have now lost over half of the gains made during March. Corn...

Market Closes – March 25, 2015

CBOT futures closed mixed with similar price direction as seen Tuesday. Corn futures added small gains and remain a few cents below critical chart resistance. Soybean futures were weighed by the advancing harvest and shipments from Brazil. Wheat futures added to Tuesday losses; this followed Monday’s rally...

Market Closes – March 24, 2015

CBOT futures closed mixed. Corn finished near the highs, wheat near the lows and soybeans in the top half of the day’s range. Corn found support from the bullish momentum of the big Friday-Monday rally, as well as the very slow pace of corn planting in the southern U.S. Wheat sold off in reaction to...

Market Update – March 24, 2015

CBOT futures are trading mostly lower with the exception of corn. Wheat is leading the market lower after Monday afternoon’s crop ratings from TX/OK/KS were better than expected and traders expect rains to arrive in April. Soybeans are lower after posting nice gains Monday. Futures are trading inside...

Market Closes – March 23, 2015

CBOT futures closed higher on a weaker US dollar, higher energy futures, some short-covering ahead of USDA reports on March 31, and weather concerns for southern Plains wheat. Wheat futures settled off the day’s highs on talk that rains will come in April. Watch the price charts for key price resistance...

Market Update – March 23, 2015

CBOT futures are posting solid gains at midday on a weaker US dollar and follow-through buying from Friday’s session. Wheat futures are supported by dry conditions in many HRW wheat areas and reports of winterkill damage. Black Sea production areas are also stressed by dry soils. Soybean futures are...

Market Update – March 18, 2015

CBOT futures are trading slightly higher and closer to the day’s highs than the lows which were set by mid-morning. The soy complex is leading the market up with soybean oil supported by a stronger palm oil market. The falling crude oil market doesn’t seem to matter to the CBOT today. Corn and soybean...

Market Closes – March 16, 2015

CBOT futures closed mixed as market factors are pointing in different directions. The US Dollar Index weakened today after reaching a new multi-year high on Friday. Despite this, U.S. energy futures fell sharply as more people believe crude supplies will continue to grow. The Brazilian soybean harvest is at...

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