Market News
Grain Spreads: Beans Hit 50% Retracement
Walsh Trading10 minutes ago
Beans Hit Target and Fail for Now
Crude Oil Volatility with Geopolitical Events
OptionMetrics28 minutes ago
How might geopolitical event affect crude oil and other commodities? Since implied volatility is a measure of future uncertainty and anxiety, it can be used to help to understand the long term effects of geopolitical events on the market, both current, and for months in the future (using the implied volatility forward curve). The shape of the curve, as well how much it has shifted, can then imply how seriously the market might be taking each geopolitical event.
Soybeans Falter to Weakness on Wednesday
Barchart31 minutes ago
Soybeans faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some strength on the day, with contracts 80 cents to $3.70/ton higher. Soy Oil was back down to close with...
Hogs Close Mostly Lower, USDA Shows Slight Build to Pork Stocks
Barchart31 minutes ago
Lean hogs closed the midweek session with contracts a dime to $1.22 lower, as August was the lone exception, up a nickel. USDA’s National Average Base Hog negotiated price was down 36 cents on Wednesday afternoon, at $91.49. The CME Lean Hog Index was up 14 cents on April 22...
Cotton Posts Midweek Losses
Barchart31 minutes ago
Cotton futures were down anywhere from 39 to 187 points on Wednesday. The outside market influences put pressure on the market, with crude oil down 54 cents/barrel and the UD dollar index up 160 points. Export Sales data will be released on Thursday morning. ICE certified cotton stocks were up...
Cattle Back to Retreat Mode on H5N1 Virus News
Barchart31 minutes ago
Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. This morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks of $184. A few cash sales in the South popped up today at $182,...
Wheat Extending Bull Run
Barchart31 minutes ago
The wheat complex is continuing to lead the grains bull charge this week. Kansas City futures were up 10 ¾ to 16 ¾ cents on the session. Chicago contracts were up 9 ½ to 12 cents at the close. Spring wheat futures were 9 ¼ to 13 ¼ cents higher...
Corn Closes Red Following Drop to Ethanol Production
Barchart31 minutes ago
Corn futures extended the front month losses into the close, as contracts through Dec were down 2 to 5 ¼ cents. For 2025 contracts and beyond, trade closed with contracts with in 1 ¾ cents on either side of unchanged. EIA’s weekly petroleum report tallied ethanol production at 954,000 barrels...
Shootin' the Bull about a lot to consider
Swift Trading CompanyWed Apr 24, 3:03PM CDT
No rest for the weary in this market. Nellie is nervous and with the continual issues of the bird flu being examined, there is likely to be more restraints placed until we can get a handle on this issue.
Wheat Sitting at 2-Month Highs
BarchartWed Apr 24, 12:01PM CDT
The wheat complex is continuing to rally at midday, nearing the highest prices since February. Kansas City continues to lead the charge, with gains of 13 to 17 cents. Chicago contracts are up 10 to 13 cents on the session. MPLS spring wheat is 5 to 10 ¼ cents higher....
Cotton Leaking Lower with Outside Market Pressure
BarchartWed Apr 24, 12:01PM CDT
Cotton futures are down 24 to 40 points at midday, with May up 18 on thin trade. The outside market influences are putting pressure on the market at midday, with crude oil down 47 cents/barrel and the UD dollar index up 230 points. ICE certified cotton stocks were up another...
Corn Turns Lower Following Drop to Ethanol Production
BarchartWed Apr 24, 12:01PM CDT
Corn futures are pulling back in the front months on Wednesday, with losses of 1 to 2 cents. New Crop December is up ½ cent at midday. EIA’s weekly petroleum report tallied ethanol production at 954,000 barrels per day in the week that ended on April 19. That was a...
Hogs Mixed on the Midweek Session
BarchartWed Apr 24, 12:01PM CDT
Lean hogs are mixed on Wednesday, with losses of 30 to 85 cents in the front months and a couple fall contracts 10 to 22 cents higher. USDA’s National Average Base Hog negotiated price was up 29 cents on Wednesday morning, at $91.30. The CME Lean Hog Index was up...
Soybeans Retreating from Highs at Midday
BarchartWed Apr 24, 12:01PM CDT
Soybeans prices are showing 3 to 5 cent gains in the nearbys on Wednesday. Soymeal is posting strength to lead the complex higher, up $4.80 to $5.20/ton, with Soy Oil back down 59 to 63 points. USDA did issue a corrected report to the flash sale announcement from last week,...