Grains All Lower - Bearish Cattle on Feed Report

Grains All Lower - Bearish Cattle on Feed Report

Corn futures closed out the Friday session with bulls taking money off the table ahead of the weekend and down 1 to 6 ¼ cents across the board. That was led by Dec which saw this weeks gains trimmed to just 10 ½ cents. The national average Cash Corn price...

The wheat complex was the weak spot for the grains on Friday, as all three exchanges faced double digit front month losses. Chicago SRW futures were down 5 ½ to 12 ½ cents across the board, as Dec was down 3 ¾ cents this week. KC HRW contracts closed out...

Soybeans closed out the week with contracts 3 to 8 ½ cents in the red on Friday, as November managed a weekly gain of 17 ¾ cents. November soybean options expired today. The average close for November soybean futures so far in October is $10.09. That is $1.46 below the...

That's a wrap! Here's how things finished up in the grain and livestock markets.

Sell the Rumor, Buy the Fact?

For those looking to hedge Feeder Cattle...

Oil is not cheap, and the Biden administration's policies did nothing to lower the price.  Hence, any disturbance now would be expected to push oil sharply higher.  I wrote quite a bit this week on me being scared.  I wrote a comment on the oil market that sounded just like a scare tactic.  When I questioned myself about putting out such, I came to the conclusion, I was scared.  Therefore, I made the recommendations based upon current factors, with the forethought of, I hope I am dead wrong.

Soybeans are trading with Friday midday losses of 7 to 10 cents as the trade looks to round out the week. November soybean options expire today. The average close for November soybean futures so far in October is $10.10. That is $1.45 below the February base insurance price. CmdtyView’s national...

The wheat complex is gaining some weakness as we head into the weekend. Chicago SRW futures are showing losses of 13 to 14 1/4 cents in the nearbys at midday. KC HRW contracts are trading with midday losses of 16 to 17 cents on Friday. MPLS spring wheat is posting...

Corn futures are being pulled lower on spillover weakness from wheat after a week of strength. Contracts are down 4 to 6 ¼ cents at midday. The national average Cash Corn price from cmdtyView is down 6 1/2 cents at $3.82 1/2 per bu. The average close for December corn...