World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary: That Was Fun

The markets started the day bullishly for corn and soybeans but with losses in wheat. Post the USDA WASDE report things changed. Larger soybean stocks flipped that market red but not until after some curious delay. And there was notable bull spreading that split the contracts. Soybeans, meal, oil, and lean hogs all took losses in the nearby contracts but obtained gains in the deferred; SRW was the reverse with gains in the nearby but losses from December onward.  As usual, USDA only creeps in the direction of expectations but also had some curve balls today.  Less old and new crop corn ending stocks pushed corn higher. More old and new crop soybean ending stocks pushed the bean complex lower. Wheat also had ending stocks taken d...

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Summary of Futures

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