Market News
Earth's Accelerating Spin: How Melting Poles Impact Natural Gas and Grain Markets
Best Weather Inc.Thu Mar 28, 6:36PM CDT
This video introduces a new face... Jim's Weather Avatar Guy
Mixed Close for Report Day Soybeans
BarchartThu Mar 28, 4:29PM CDT
Old crop beans ended the day with 1 to 1 ¼ cent losses, while the new crop contracts finished as much as 8 ¼ cents in the black. The May soybean contract finished the week with the same 1c loss, but was still up 50 cents through the month of...
Wheat Followed Corn’s Rally on Thursday
BarchartThu Mar 28, 4:29PM CDT
Despite neutral to bear-friendly NASS data, wheat futures rallied into the 3-day Holiday weekend. The spring wheat futures faded on the higher acreage to close 3 ½ to 6 cents in the red. Chicago prices were 8 cents off their highs for the close, but still 8 ¾ to 12...
Cattle Firm Up into the Weekend
BarchartThu Mar 28, 4:29PM CDT
Thursday’s cattle trade pushed futures back up by $1.40 to $1.57. For the June contract that ended the week a net $2.65 lower after bouncing off the Bollinger midline. June fats were a net 97c weaker through the month of March, after a wide monthly range from -$4.80 to +$5.40....
Corn Rallied into 3-Day Weekend with NASS Data
BarchartThu Mar 28, 4:29PM CDT
Thursday’s trading session left the corn market ~6c off the day’s highs, but still 13 to 16 cents in the black. Old crop May ended the week with a 2 ¾ cent gain and finished the last trade day of March with a 12c gain for the monthly. The new...
Hogs Closed Off Highs but still Stronger for NASS Report
BarchartThu Mar 28, 4:29PM CDT
Nearby lean hog futures were up by as much as $1.25 for the day’s high, but prices ended the day mixed / mostly higher. June was down by 15c for Thursday which finished the week’s move on a net $1.75 gain and put the monthly gain at $1.25. June traded...
Cotton Gains into the Holiday Weekend
BarchartThu Mar 28, 4:29PM CDT
May cotton futures kept to a mostly tight range from -26 to +120 points, and finished the day with a 61 point gain. The lead month finished the week with a net 15 point loss, and closed the month of March a net 8.2 cents/lb in the red after setting...
Shootin' the Bull about no more cheap corn
Swift Trading CompanyThu Mar 28, 3:04PM CDT
With the aspects of cheap corn now out of the picture, those declining cost of gains is now expected to rise. While not necessarily bullish, the report is in no way bearish. I think what it will do is shift basis, as farmers will be reluctant now to sell, knowing of the lower carryout and potential planted acres. So, one more thing the cattle feeder has to contend with.
Gold and USD Index Break Higher Together – What Gives?
Sunshine ProfitsThu Mar 28, 2:50PM CDT
Gold’s moving higher and… the USD Index is moving higher as well, which one is faking it?
Corn Futures Rally Following Bullish USDA Report
Blue Line FuturesThu Mar 28, 2:27PM CDT
The USDA report showed fewer acres of corn which sent prices sharply higher into the long weekend.
The Russell 2000 and Gold Take the Spotlight!
Blue Line FuturesThu Mar 28, 12:51PM CDT
Inflation expectations fall slightly, while the manufacturing sector continues to struggle. PCE release is due tomorrow, and all eyes are focused on Gold's breakout.
Corn Rallies Out of Reports
BarchartThu Mar 28, 11:53AM CDT
Corn futures shot higher after NASS released data near midday. Current prices are working at or near their highs for the day with double digit gains of as much as 17 ¼ cents. NASS data showed corn stocks were counted at 8.347 bbu as pf March 1st, including 5.079 bbu...
Beans Back to Mixed for Midday
BarchartThu Mar 28, 11:53AM CDT
Soybeans were fading into the reports, before rallying out of the release. Current quotes are back to mixed as the new crop futures are holding fractional to 4 cent gains and old crop prices are back to 2 cents in the red. Midday Soymeal futures are trading $2 in the...
Wheat Futures Up Double Digits
BarchartThu Mar 28, 11:53AM CDT
Midday wheat futures are gaining double digits for midday, with prices ~5 cents off their highs. Chicago is up by as much as 2.9% for midday. KC wheat is gaining 8 to 11 cents so far. Spring wheat futures were slow to join the rally with futures near their highs...