Recent Livestock Analysis
Market Commentary
The overnight session opened with little price direction. Grain and soy prices were down just slightly, although they recovered enough to trade in mixed fashion but very light volume. At the morning recess, corn and soybeans were in slightly positive territory, but wheat was a little weaker. Th...
Summary of Futures
Mar 19 Corn closed at $3.855/bushel, up $0.015 from yesterday's close. Mar 19 Wheat closed at $5.3275/bushel, down $0.025 from yesterday's close. Jan 19 Soybeans closed at $9.0775/bushel, up $0.03 from yesterday's close. Jan 19 Soymeal closed at $310.4/short ton, up $1.3 from...
Closing Bell Wrap-Up: Ag Commodities Shrug while Crude Oil is Hammered
Corn and soybean futures were higher while wheat market dropped lower in unenthusiastic trade. Wheat has a bullish technical story, however, and could see a rally in the very near-term. Cattle futures remain supported by non-commercial buying ahead of the Cattle on Feed report while hog futures...
Summary of Futures
Mar 19 Corn closed at $3.84/bushel, down $0.0075 from yesterday's close. Mar 19 Wheat closed at $5.3525/bushel, up $0.0525 from yesterday's close. Jan 19 Soybeans closed at $9.0475/bushel, up $0.0425 from yesterday's close. Jan 19 Soymeal closed at $309.1/short ton, up $1.8 fr...
Market Commentary
Wheat, corn and soybean markets started higher Sunday night, and they held those small gains throughout the entire session. The relatively light volume then continued through today to start the week before Christmas. The market had been expecting an announcement of additional soybean export sal...
Smile! Soybeans Neutral After China’s Return
Corn options traders remain bullish even after two weeks of sideways trading. While the market is likely to need fulfillment of the 3 December chart gap before moving higher, traders remain bullishly positioned. Interestingly, after China’s semi-official return to the U.S. soybean market,...
Market Commentary
Corn was higher with soybeans up slightly and wheat mixed in the Thursday night session. Trading volume was fairly strong overnight. This morning USDA announced sales of another 300,000 MT of soybeans to China plus 130,000 MT to “unknown” and 125,000 MT of corn to Japan. There is st...
Summary of Futures
Mar 19 Corn closed at $3.8475/bushel, up $0.005 from yesterday's close. Mar 19 Wheat closed at $5.3/bushel, down $0.06 from yesterday's close. Jan 19 Soybeans closed at $9.005/bushel, down $0.065 from yesterday's close. Jan 19 Soymeal closed at $307.3/short ton, down $1.2 from...
Market Commentary
Overnight futures trade featured stronger wheat prices, lower soybean prices and corn near unchanged with only average volume. The soybean market seemed to exhibit “rumor fatigue.” When at last USDA/ FAS announced a sale of 1.13 MMT of soybeans to China under the daily reporting req...
Closing Bell Wrap-Up: Soybeans Lower on Chinese Buying
Smaller-than-expected Chinese soybean purchases (real purchases, nonetheless!) sent the soybean market lower this morning which pressured hog futures as well. Corn couldn’t excited about much and closed slightly lower for the day with traders unsure of what else to do. Wheat remains the m...
Summary of Futures
Mar 19 Corn closed at $3.8425/bushel, down $0.01 from yesterday's close. Mar 19 Wheat closed at $5.36/bushel, up $0.095 from yesterday's close. Jan 19 Soybeans closed at $9.07/bushel, down $0.13 from yesterday's close. Jan 19 Soymeal closed at $308.5/short ton, down $4.1 from...
Farm Bill Animal Disease Measures; McDonald’s and Beef; Meat Price Spreads
Farm Bill Animal Disease Measures The House of Representatives passed the final conference report on the 2018 Farm Bill yesterday (397-46), which followed the Senate’s passage on Tuesday (87-13). The primary provisions for livestock were the National Animal Disease Preparedness and Respon...
Market Commentary
The overnight session opened with little price direction. Grain and soy prices were down just slightly, although they recovered enough to trade in mixed fashion but very light volume. At the morning recess, corn and soybeans were in slightly positive territory, but wheat was a little weaker. Th...
Summary of Futures
Mar 19 Corn closed at $3.855/bushel, up $0.015 from yesterday's close. Mar 19 Wheat closed at $5.3275/bushel, down $0.025 from yesterday's close. Jan 19 Soybeans closed at $9.0775/bushel, up $0.03 from yesterday's close. Jan 19 Soymeal closed at $310.4/short ton, up $1.3 from...
Closing Bell Wrap-Up: Ag Commodities Shrug while Crude Oil is Hammered
Corn and soybean futures were higher while wheat market dropped lower in unenthusiastic trade. Wheat has a bullish technical story, however, and could see a rally in the very near-term. Cattle futures remain supported by non-commercial buying ahead of the Cattle on Feed report while hog futures...
Summary of Futures
Mar 19 Corn closed at $3.84/bushel, down $0.0075 from yesterday's close. Mar 19 Wheat closed at $5.3525/bushel, up $0.0525 from yesterday's close. Jan 19 Soybeans closed at $9.0475/bushel, up $0.0425 from yesterday's close. Jan 19 Soymeal closed at $309.1/short ton, up $1.8 fr...
Market Commentary
Wheat, corn and soybean markets started higher Sunday night, and they held those small gains throughout the entire session. The relatively light volume then continued through today to start the week before Christmas. The market had been expecting an announcement of additional soybean export sal...
Smile! Soybeans Neutral After China’s Return
Corn options traders remain bullish even after two weeks of sideways trading. While the market is likely to need fulfillment of the 3 December chart gap before moving higher, traders remain bullishly positioned. Interestingly, after China’s semi-official return to the U.S. soybean market,...
Market Commentary
Corn was higher with soybeans up slightly and wheat mixed in the Thursday night session. Trading volume was fairly strong overnight. This morning USDA announced sales of another 300,000 MT of soybeans to China plus 130,000 MT to “unknown” and 125,000 MT of corn to Japan. There is st...
Summary of Futures
Mar 19 Corn closed at $3.8475/bushel, up $0.005 from yesterday's close. Mar 19 Wheat closed at $5.3/bushel, down $0.06 from yesterday's close. Jan 19 Soybeans closed at $9.005/bushel, down $0.065 from yesterday's close. Jan 19 Soymeal closed at $307.3/short ton, down $1.2 from...
Market Commentary
Overnight futures trade featured stronger wheat prices, lower soybean prices and corn near unchanged with only average volume. The soybean market seemed to exhibit “rumor fatigue.” When at last USDA/ FAS announced a sale of 1.13 MMT of soybeans to China under the daily reporting req...
Closing Bell Wrap-Up: Soybeans Lower on Chinese Buying
Smaller-than-expected Chinese soybean purchases (real purchases, nonetheless!) sent the soybean market lower this morning which pressured hog futures as well. Corn couldn’t excited about much and closed slightly lower for the day with traders unsure of what else to do. Wheat remains the m...
Summary of Futures
Mar 19 Corn closed at $3.8425/bushel, down $0.01 from yesterday's close. Mar 19 Wheat closed at $5.36/bushel, up $0.095 from yesterday's close. Jan 19 Soybeans closed at $9.07/bushel, down $0.13 from yesterday's close. Jan 19 Soymeal closed at $308.5/short ton, down $4.1 from...
Farm Bill Animal Disease Measures; McDonald’s and Beef; Meat Price Spreads
Farm Bill Animal Disease Measures The House of Representatives passed the final conference report on the 2018 Farm Bill yesterday (397-46), which followed the Senate’s passage on Tuesday (87-13). The primary provisions for livestock were the National Animal Disease Preparedness and Respon...