In the past few weeks, Chicago wheat has reacted to the purchase of over 41 mb of U.S. soft red winter wheat, rising for eight straight days before correcting. The last two days of the week, Chicago March finished strong, with some subtle signs the trend might continue.
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by Dana Mantini , Senior Market Analyst
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by Todd Hultman , DTN Lead Analyst
Corn has plenty of supply and good demand. Chicago wheat supplies are lower than usual but have lacked demand. Both markets are looking for support.
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by Dana Mantini , Senior Market Analyst
Chicago wheat, with managed money funds as of November 28 reported to still be short a position of 124,000 contracts, got some good news with a new sale of 16 million bushels of soft red wheat, surged to big gains on Monday.
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by Todd Hultman , DTN Lead Analyst
It's not too early to think about making sales in 2024, but so far prices show no hurry to head in either direction.
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by Dana Mantini , Senior Market Analyst
From the middle of October to the middle of November, January soybeans were on a march higher, rising $1.30 per bushel on concerning weather in Brazil and a pick-up in U.S. export demand. When the forecast for Brazil turned wetter, traders took that as a cue to sell soybeans...
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by Dana Mantini , Senior Market Analyst
After what appeared to be an overreaction to last week's subtly bearish soybean data on the November WASDE, soybeans have bounced back, gapping higher on Monday on the still bullish Brazilian weather, more U.S. soy sales to China and a soaring soymeal market, which again...
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by Dana Mantini , Senior Market Analyst
January soybean oil futures have plunged 16 cents just since August and are the short leg of product spreading. The weakness has come despite a still bullish outlook for soybean crush, soybean stocks and increasing capacity for renewable biodiesel. A potential positive sign is...
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by Todd Hultman , DTN Lead Analyst
Soybean oil and palm oil prices are showing signs of possible support after three months of trading lower.
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by Dana Mantini , Senior Market Analyst
December corn, though volatile, is showing some technical and fundamental reasons for another run at higher prices, despite Friday's weak action and Monday's early weakness.
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by Todd Hultman , DTN Lead Analyst
After a bearish performance in September, followed by a new three-month low in early October, December meal found support and helped give soybean prices an unexpected lift.
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by Dana Mantini , Senior Market Analyst
A summer of bullish crush incentives for soybeans is losing appeal in late September as both products broke recent support.
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by Todd Hultman , DTN Lead Analyst
A summer of bullish crush incentives for soybeans is losing appeal in late September as both products broke recent support.
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by Dana Mantini , Senior Market Analyst
A look at November soybeans and KC December wheat.
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by Todd Hultman , DTN Lead Analyst
Natural gas prices are staying cheap this fall, but propane prices have already started turning higher.
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by Dana Mantini , Senior Market Analyst
Chicago wheat futures are becoming oversold and there may be some bullish signs appearing.
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by Todd Hultman , DTN Lead Analyst
October contracts of live cattle continue to trade near all-time highs, while lean hog prices show signs of turning higher.
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by Dana Mantini , Senior Market Analyst
In the past 15 trading days, November soybeans have soared $1.28 per bushel on thoughts of declining yield potential.
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by Todd Hultman , DTN Lead Analyst
December corn and December Chicago wheat are both lower so far in 2023 but may be getting close to long-term support.
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by Dana Mantini , Senior Market Analyst
December corn futures have plunged 91 cents per bushel just since July 24. Granted, timely rains in July and early August have certainly turned around what, at one point, looked to be a potential disaster. But could the market be pricing in too much of a bearish outlook at a...
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by Dana Mantini , Senior Market Analyst
In the past seven trading days, new-crop November beans have plunged close to $1.17, gapping lower at one point last week. In the past four days, we have seen November trade back-and-forth in a sideways consolidation pattern. Where will soybeans go from here?
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Markets
- Market Matters Blog by DTN Staff
- Technically Speaking by DTN Staff
- Sort & Cull by DTN Staff
- Fundamentally Speaking by Joel Karlin
- Canada Markets by Cliff Jamieson
News
- Production Blog by Pam Smith
- Ethanol Blog by DTN Staff
- Ag Policy Blog by Chris Clayton
- South America Calling by DTN Staff
- An Urban's Rural View by Urban Lehner
- MachineryLink by Dan Miller
- Editors' Notebook by Greg D.Horstmeier