03 Feb

Soybeans Rally Sharply While Corn & Wheat Steady

in Blog, corn.wheat, oats, soybeans

 The corn and wheat market were both basically unchanged today despite a strong stock market and commodity market. Corn closing down 1 cent a bushel to close around 6.42 a bushel and wheat also lower by 1 cent to close around 6.62 a bushel. Soybean futures finished 16 cents higher to close around 12.33 a bushel. The breakout in soybeans for March delivery is 12.50 a bushel and has had a very difficult time breaking through that resistance.

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