Market News
Wheats End Off Highs But Hold Gains
BarchartMon Mar 18, 5:23PM CDT
The front month wheat market contracts rallied out of the weekend. Chicago prices ended the day 1 ¼ cents off the session high and 12 to 14 ¼ cents in the black. KC closed 7 ½ to 8 ¼ cents in the black for Monday. MGE was 4 ¼ to...
Wheat complex mostly higher as tensions escalate in the Black Sea region
Brownfield Ag NewsMon Mar 18, 3:48PM CDT
Soybeans ended the day lower, giving back last week’s gains as contracts continue to face pressure from harvest progress in Brazil. There was additional pressure from lower soybean meal and soybean oil. Soybean inspections were 25.2 million bushels with primary destinations to China (20.3 mbu) and Mexico (1.9 mbu). For...
Closing Grain and Livestock Futures: March 18, 2024
Brownfield Ag NewsMon Mar 18, 3:16PM CDT
May corn closed at $4.36, down 3/4 centsMay soybeans closed at $11.87 and 3/4 and 1/4, down 10 1/2 centsMay soybean meal closed at $331.90, down $2.80May soybean oil closed at 48.70, down 72 pointsMay wheat closed at $5.42 and 3/4, up 14 and 1/4 centsApr. live cattle closed at...
Wheat Rallying Double Digits through Midday
BarchartMon Mar 18, 12:04PM CDT
Front month wheat prices are trading near their highs at midday with double digit gains. Chicago futures are currently 12 ½ to 13 ¾ cents higher so far. KC wheat prices are working 10 ¾ to 11 ½ cents in the black. MGE futures are up by as much as...
Wheat Recover Underway for Monday
BarchartMon Mar 18, 7:10AM CDT
Wheat prices are back up by 3 to 8 cents across the U.S. markets this morning. The Friday wheat market ended with prices off their lows but still 1 to 8 ¾ cents in the red. Chicago was the firmest on the day, ended down by 1 to 3 ¾...
Wheat Futures Closed Red for Friday
BarchartFri Mar 15, 5:22PM CDT
The Friday wheat market ended with prices off their lows but still 1 to 8 ¾ cents in the red. Chicago was the firmest on the day, ended down by 1 to 3 ¾ cents. That left May with a net weekly loss of 9 ¼ cents and set new...
Funds and Demand Pull Corn and Soybeans Higher, Despite Lower Wheat: Cattle Recover with Near to Record Cash
AgWebFri Mar 15, 2:50PM CDT
Wheats Fading through Friday
BarchartFri Mar 15, 11:57AM CDT
Front month wheat futures are weaker through midday. KC is leading the way lower with 6 ¼ to 9 cent losses so far. CBT prices are 2 to 3 ½ cents lower. Spring wheat prices are currently 3 to 5 ½ cents in the red. Strategie Grains estimated EU wheat...
Wheat Firm into Friday
BarchartFri Mar 15, 7:31AM CDT
AM wheat prices are trading mostly in the black, but mixed within 5 cents of UNCH so far. U.S. wheat futures firmed up in the afternoon portion of Thursday to close off the daily lows, but prices were still down by double digits on the day. SRW futures ended the...
Double Digit Losses Lead to Contract Lows for Wheat
BarchartThu Mar 14, 4:51PM CDT
U.S. wheat futures firmed up in the afternoon portion of Thursday to close off the daily lows, but prices were still down by double digits on the day. SRW futures ended the day with 1.8% to 2.4% losses across the front months, as May fell by 12 cents/bu. That led...
Wheat down on dollar, export demand
Brownfield Ag NewsThu Mar 14, 3:16PM CDT
Soybeans were mixed, with most contracts still able to hold onto part of the early gains but closing well below the highs. Domestic crush demand continues to be strong, canceling out some of the concerns about slow exports. U.S. export sales last week were 13.8 million bushels, down on the...
Grain Update: Will Demand Pick up in the Corn, Wheat, and Soybean Markets?
BarchartThu Mar 14, 1:53PM CDT
In my discussion on AgWeb's Markets Now with Michelle Rook this morning, I discussed the recent action in the corn, wheat, and soybean markets. We also spoke about palm oil, as well as the cattle and energy markets.
Corn Falling Alongside Wheat Selloff
BarchartThu Mar 14, 12:10PM CDT
Thursday’s corn market is trading at or near the lows for the day with 5 to 7 ½ cent losses through midday. Yesterday, there was a surge in open interest with +15,305 contracts added despite the little price movement. The weekly FAS data had 1.283 MMT of corn sold for...