Beans Drop Amid Harvest Pressure Better Weather in S.A.

A lack of bullishness has led to a buyers strike and a technical breakdown in the grain markets. How much more downside is there?

Wheat futures are showing some slight weakness so far on Tuesday morning. The complex posted double digit losses across the three exchanges on Monday. Chicago SRW futures were down 13 to 15 cents on the day. KC HRW contracts were 14 to 16 cents lower at the Monday close. MPLS...

Corn prices are down 2 to 3 cents so far on Tuesday morning. Futures closed the Monday session with contracts falling 7 to 9 cents across most contracts on Monday. Sharp pressure from the outside factors weighed on the market, with crude oil down $3.70/barrel and the US dollar index...

Soybeans are trading with Tuesday AM losses of 9 to 10 cents. They posted 9 to 10 cent losses across most contracts on Monday. CmdtyView’s national front month Cash Bean price is down 8 1/2 cents at $9.35 ½. Soymeal futures were steady to $1.50/ton higher on the day. Soy...

Corn prices are correcting the uptrend from the $3.85 level after reaching $4.34 for the December futures contract. The recent United States Department of Agriculture (USDA) crop production and World Agricultural Supply Demand Estimate (WASDE) report weigh heavily on the market. Producers have been waiting for a price rally to sell much of their on-farm corn from last year. With this year's harvest nearly 50% completed and carryover estimated to be 1.81 million bushels, storage has become a problem, resulting in corn being brought to market.

Corn futures closed the Monday session with contracts falling 7 to 9 cents across most contracts on Monday. Sharp pressure from the outside factors weighed on the market, with crude oil down $3.70/barrel and the US dollar index up 303 points. The national average Cash Corn price from cmdtyView was...

Soybeans posted 9 to 10 cent losses across most contracts on Monday. CmdtyView’s national front month Cash Bean price is down 8 1/2 cents at $9.35 ½. Soymeal futures were steady to $1.50/ton higher on the day. Soy Oil contracts were down 125 to 143 points on the session, as...

The wheat complex posted double digit losses across the three exchanges on Monday. Chicago SRW futures were down 13 to 15 cents on the day. KC HRW contracts were 14 to 16 cents lower at the Monday close. MPLS spring wheat fell another 15 to 18 cents. The weekly Export...

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Beans Drop Amid Harvest Pressure Better Weather in S.A.