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.

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.

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.

01 Feb

Grains Rally On Dollar Weakness

in Blog, corn, oats, soybeans, US dollar, wheat

The grain market jumped in on the overall bullishness in the stocks and commodities today with soybean futures up 18 cents to close around 12.17 a bushel, if the US Dollar continues to head lower this will put upward pressure on commodities and especially the grain market. Corn futures were higher by 3 cents to close around 6.45 a bushel. Wheat futures for March delivery were higher by 9 cents to close around 6.75 a bushel which is a 12 week high on warm weather concerns in the Midwest. Oat futures were also higher by 7 cents to close around 3.05 a bushel in sympathy with wheat.

31 Jan

Wheat Futures Rally Sharply On Weather Concern

in Blog, corn, soybeans, whaet

The story today was the sharp rise in wheat futures caused by crop concerns in the Midwest. With unusually warm temperatures throughout the Midwest with some areas breaking record temperatures including Chicago which was 60 degrees today. The breakout in wheat is 6.71 if it can close above that price look for a possibility of $7.50 a bushel or even higher. Wheat futures for March delivery closed higher by 22 cents to close around 6.67 a bushel. Soybean futures rebounded slightly after yesterday’s sharp loses to rally up 15 cents to close around 11.98 a bushel.

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