Beans Trade Sideways, How Much Longer?

In my opinion, the cattle industry, futures traders included, are no longer rationing beef or cattle, but producers.

Corn futures are trading with weakness on Friday, as contracts are down 2 to 6 cents at midday. Futures are falling back after the strength on Thursday. The CmdtyView national average Cash Corn price was back down 5 3/4 cents at $4.27 1/4. Export Sales data from Thursday morning showed...

The soybean market is trading with Friday losses of 5 to 7 cents across most contracts at midday. CmdtyView’s national front month Cash Bean price is back down 6 3/4 cents at $9.45 ½. Soymeal futures are up $1.70/ton, as Soy Oil futures are down 64 points on the day....

The wheat complex is facing mixed action on Friday after early strength, with KC trying to lead the way higher. Chicago SRW futures are showing fractional losses at midday on Friday. Kansas City HRW contracts are trading with gains on Friday, up 1 to 2 cents in the front months....

Grain markets remain mostly rangebound. These are the levels to watch for a potential trend change.

Wheat is showing early gains so far on Friday morning. The wheat complex faced weakness on Thursday following a weak Export Sales report. Chicago SRW futures fell back 6 to 7 cents on the day. Preliminary open interest was up 4,254 contracts. Kansas City HRW contracts were down another 7...

Soybeans are trading with 2 to 3 cents in the red so far in early Friday trade. The soybean market posted Thursday gains of as little as fractionally in the new crop contracts to 5 cents in some nearbys. Preliminary open interest was up 14,050 contracts on Thursday, mainly in...

Corn price action so far on Friday morning is down fractionally to 2 cents. Futures closed the Thursday session with contracts up 6 to 7 cents in the front months, as new crop December tagged along, up 1 ½ cents. Preliminary open interest showed a rotation of ownership, down just...

The wheat complex faced weakness on Thursday following a weak Export Sales report. Chicago SRW futures fell back 6 to 7 cents on the day. Kansas City HRW contracts were down another 7 to 9 cents on the Thursday session. MPLS spring wheat was down 7 cents in the front...

Corn futures closed the Thursday session with contracts up 6 to 7 cents in the front months, as new crop December tagged along, up 1 ½ cents. The CmdtyView national average Cash Corn price was back up 7 1/4 cents at $4.33. Export Sales data from this morning showed 1.497...

The soybean market posted Thursday gains of as little as fractionally in the new crop contracts to 5 cents in some nearbys. CmdtyView’s national front month Cash Bean price was up 5 1/2 cents at $9.52. Soymeal futures posted losses of 60 cents to $1.60/ton, as Soy Oil futures were...