|Day's range||394.50 - 397.50|
Depending on how long the U.S.-China trade battle continues and the Fed continues raising rates, the two could jump back into the lead. Soybeans and corn should prosper, as well. Natural gas’ glory days may be ending.
The Trump administration is moving to allow year-round sales of gasoline with higher blends of ethanol, a boon for farm states that have pushed for greater sales of the corn-based fuel.
Grain prices are lower after corn and soybeans broke down on Thursday. At the same time export sales are down which has helped price break lower. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal.
Grain prices are higher in early North American trade. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line).
Grain prices are higher across the board in early North American trade. Corn rebounded after breaking down through trend line support. Export sales were higher than expected in the latest week but failed to buoy prices. Hedge fund traders barely changed their positions in corn while adding to short positions in wheat futures and options. Tariff issues remain as the Trump Administration levied trade Steel and Aluminum tariffs on Europe, Canada and Mexico which could eventually experience retaliation on farm products.Corn Prices
Grain prices are lower in early North American trade. Prices are testing support as export sales rise. Tariff issues remain as the Trump Administration levied trade Steel and Aluminum tariffs on Europe, Canada and Mexico which could eventually experience retaliation on farm products.Corn Prices
Grain prices continue to whipsaw and are mixed in early North American trade. Corn and soybeans are higher while wheat prices are lower. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal.
Grain prices are moving lower in early North American trade on Monday. Wheat is taking it on the chin, but soybean and corn are also lower. Corn export activity moved lower in the latest week, but the 4-week average was down. Current export sales are 1% behind last year’s pace.Corn Prices
Grain prices are lower in early North American trade on Friday following Thursday USDA World supply and Demand report. The latest WASDE data showed the 2018/19 outlook for US soybeans to reflect higher supplies, crush, exports, and lower ending stocks compared with the 2017/18 crop. 2018/19 corn use is forecast to decline modestly from a year ago on reductions in domestic use and exports. However, corn used to produce ethanol is forecast 50 million bushels higher, largely due expectations of gasoline consumption growth. The 2018/19 wheat crop is projected at 1. ...
Grain prices are mixed ahead of Thursday USDA supply-demand report. Corn and soybean prices have pushed higher while wheat prices are slipping. Traders are positioning for the USDA’s monthly supply-and-demand report which is expected to show a reduction in global grain stocks due to falling production estimates out of South America and the US. Corn prices are higher in early North-American trade on Thursday and continue to consolidate above support near the 10-day moving average which coincides with the breakout level at 3.95. Resistance is seen near the May highs at 4.00.
Grain prices are mixed in early North American trade on Wednesday. Looking ahead to the USDA monthly WASDE report Thursday will be wondering whether China taps its corn reserves, as opposed to purchasing it from the US on the open market. Global demand for corn in 2018-19 should surpass production, but China could generate relief by dippings into its own surplus. Corn prices edged higher early North-American trade on Wednesday.
Grain prices are giving back some of their recent gains. Corn and Wheat prices have broken out and soybean have lagged given concerns over tariffs in China which are weighing on prices. The soybean crush continues to show robust demand, which should keep soybean prices buoyed.
Corn and wheat price broke out to fresh-highs on Tuesday and are consolidating their gain in early trade on Wednesday. Soybean prices climbed but were unable to pierce through resistance. Cold weather and slow plant were the catalysts for the breakout. The cold weather is now in the rearview mirror and warmer than normal weather that is dry is expected to take its place.Corn Prices
Grain prices are consolidating and are lower in early trade on Tuesday after attempting to break out on Monday. Wheat corn and wheat retained their breakout posture, soybean prices quickly retraced and are back in their prior range. Colder than normal weather is expected to cover most of the mid-west over the next 2-weeks according to a forecast from the National Oceanic Atmospheric Administration. Corn was unable to close above resistance at 3.94 and is lower on Tuesday but within the range made Monday Support is seen near the 10-day moving average at 3.846. Momentum has turned positive as the MACD (moving average convergence divergence) index generated a crossover buy signal.
Grain prices are higher on Thursday after rebounding sharply on Wednesday. Corn, wheat and soybean prices ended with gains on Wednesday as traders took stock of this spring’s late planting start. The last start to the planting season has given grain prices a boost. The cold inclement weather has subsided which should allow planting to catch up.
Grain prices are moving sideways, waiting for an impetus to drive them higher. The dollar has moved higher this week weighing on commodity prices, and despite a robust up move in oil prices, the strength of the greenback has capped grains advance.Corn Prices
Grain prices were mixed on Thursday in early North American trade. Weather had been the main catalyst early in the week for Wheat and then the National Oilseed Processing report for beans on Wednesday. NOPA’s latest crush easily surpassed analyst estimates and became the largest monthly crush on record. 171.858 million bushels were crushed vs analyst estimates of 167.50 million. Crushing activity was up 11.80% from February and 12.38% more than March of 2017. Meal exports totaled 878,582 tons, up 16.35% month over month but 16.88% less than last year.Corn Prices
Grain prices were lower across the board on Tuesday in early North American trade wet where has soaked portions of the crop, relieving otherwise parched fields. A drought in the Plains has stressed the wheat crop for several months, resulting in poor crop conditions.Corn Prices
Grain prices closed near their lows on Wednesday and are experiencing mixed results on Thursday. Wheat appears to be giving back the most as the cold weather that helped buoy prices is now past. Prices are down more than 1.9% in early North American trade.Corn Prices
Grain prices consolidated on Tuesday in early North American trade as Soybeans and Corn moved higher and Wheat moved lower. Wheat and corn saw minor balance sheet changes in the April WASDE. Wheat ending stocks are raised 30 million bushels to 1.064 billion, all on lower feed and residual use. The corn balance sheet saw Food/Seed/Industrial use lowered 5 million bushels, as a 10-million-bushel reduction in corn used for glucose and dextrose is partially offset by a 5-million-bushel increase in corn used for starch. Projected feed and residual use is lowered 50-million-bushels to 5. ...
Grain prices consolidate Monday’s gains as conciliatory words on trade from China’s President Xi Jinping, who pledged greater openness in sectors from banking to auto manufacturers while warning against a return to a “Cold War mentality” helped to calm nerves and underpinned riskier assets while weighing on safe-haven assets.Corn Prices