12 Feb

Soybeans Re-Testing Highs

in Blog, corn, oats, soybeans, wheat

Soybeans open higher with a weaker dollar and general bullishness in the commodity sector. March soybeans are up 11 cents currently trading at 12.39 a bushel. Last weeks high of 12.47 might be re tested tonight or tomorrow. Corn and wheat are higher by only 3 cents after a sharp sell off last week. Oat futures remain strong opening higher by 2 cents trading at 3.20 a bushel.

10 Feb

Corn & Wheat Down Sharply Again

in Blog, corn, oats, rough rice, soybeans, wheat

 The grains were down again today making wheat and corn hit 2 week lows on bearish sentiment. Wheat futures for March delivery were down sharply over 16 cents to close around 6.30 a bushel finishing down sharply for the 2nd day in a row. Corn futures continued their selling for the 2nd day in a row as well finishing down 8 cents closing around 6.30 a bushel. Soybean futures for March were only down 1 cents closing around 12.27 a bushel.

10 Feb

Grain Markets Hit 2 Week Low

in Blog, corn, oats, soybeans, wheat

The grain futures are selling off for a 2nd day in a row causing corn and wheat prices to test 2 week lows. Soybeans are now down 30 cents from yesterdays highs and the tone in commodities today is bearish with many sectors trading lower. Oat futures are higher by 1 cent bucking the bearish sentiment.

09 Feb

Big Price Reversal In Grains Today

in Blog, corn, soybeans, wheat. oats

  Big reversals again in the grain market off of a very neutral crop report which basically kept carryover and production the same as last report. Wheat futures after a recent breakout has given all of those gains back sliding 16 cents today to close around 6.45 a bushel. The recent rally might have been a false breakout to the upside after tomorrows trade we will have a better idea.

08 Feb

Grain Market Has Big Swings: Awaits Report

in Blog, corn, oats, soybeans, wheat

 The grain market had some wild swings today erasing early gains just too turn negative going into tomorrow’s USDA report on crop inventories and production. There are many mixed views on how large the South American crop will be and what the size of the carryover. The report last month was very bearish across the board with corn trading limit down and wheat and beans sharply lower.

07 Feb

Grain Market Quiet Awaits Report

in Blog, corn, oats, soybeans, wheat

 A very quiet trading session in grain market today with traders keeping a close eye on Thursdays USDA crop report. Soybean futures were down only 1 cent to close around 12.32 a bushel in only a 12 cent trading range today. Corn futures were lower all day and finished down by 2 cents to close around 6.42 a bushel. Corn has been in a 10 cent trading range for 2 straight weeks and could breakout to the upside if some bullish news comes out of Thursday’s report.

06 Feb

Mixed Day In Grain Market

in Blog, corn, oats, soybeans, wheat

 The oats led the way today gaining more than 12 cents a bushel to close at 3 month highs of 3.26 a bushel. Soybean futures for March delivery also hit 3 month highs early in the trading only sell off and finish near its low for the day at 12.33 a bushel. Wheat futures were higher by 7 cents after two straight down days.

06 Feb

Grains Open Unchanged

in Blog, corn, oats, soybeans, wheat

The grain market opened mixed with soybeans unchanged while corn is lower by 5 cents. Wheat is unchanged while the oats continue to climb up 4 cents. I still believe these markets are going higher and would not surprise me if they finish in positive territory today.

04 Feb

Soymeal Leading Soybeans Higher

in Blog, corn, soybean meal, soybeans

If you look at the recent rally in soybeans and wonder why have prices not dropped with a bearish report 3 weeks ago which increased supply.

02 Feb

Wheat Futures Drop On Profit Taking

in Blog, corn, oats, soybeans, wheat

Wheat futures were sharply lower after a couple of sharply higher trading sessions finishing lower by 12 cents to close around 6.61 a bushel. Soybean futures were quiet to close around unchanged for the trading session settling at 12.17 a bushel. Corn traded higher and lower today before settling unchanged as well to close at 6.43 a bushel. Oat futures which I have been recommending to buy closed higher once again by 3 cents to close around 3.08 a bushel.

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