Home » Excess US supplies a heavy weight on grain futures Source: Sosland Publishing Co. Recap for February 15 Grain futures dropped Thursday after the US Department of Agriculture forecast larger crop inventories for the 2024-25 marketing year amid waning global demand for US supplies. Both corn and soybean futures touched fresh three-year lows. Kansas … Read more
Home » Wheat futures sell-off continues Source: Sosland Publishing Co. Recap for February 14 Wheat complex futures were lower again Wednesday, notching fresh contract lows after the value of the US dollar touched a three-month high during the trading session before ending lower for the day. Corn and soybean futures followed wheat futures lower, sinking … Read more
Home » Soybeans bounce off of three-year lows Source: Sosland Publishing Co. Recap for February 12 Soybean futures jumped higher Monday in a round of bargain buying off of last week’s three-year lows. Corn futures also notched bargain-buying gains to a lesser degree. Wheat complex futures were mixed, mostly lower, on ongoing global export price … Read more
Home » S&P 500 closes above 5,000 points for first time Source: Sosland Publishing Co. Recap for February 9 US equity indexes were mixed Friday with the DJIA declining but the S&P 500 closing for the first time above 5,000 points and notching its tenth record-high close of 2024. Driving the rally were shares of … Read more
Home » USDA reports pressure wheat, corn Source: Sosland Publishing Co. Recap for February 8 On Thursday, wheat complex futures declined under continued US dollar and Russian price pressure as the USDA raised forecasts for the June 1, 2024, carryover of hard red winter, soft red winter and white wheat. Soybean and soybean oil futures … Read more
Home » Corn prices drop on South American weather Source: Sosland Publishing Co. Recap for February 7 Corn prices struck a three-year low Wednesday after weather reports indicated competitor Argentina will flip from hot, dry weather to widespread rain. Wheat complex futures were mixed with Chicago soft wheat advancing. Supply pressure stemming from Russia’s surplus … Read more
Home » Fresh records into the weekend for S&P, Dow Source: Sosland Publishing Co. Recap for February 2 Shares of huge American technology companies — led by Meta, which added 20% after reporting its biggest quarterly sales increase in two years and initiated its first-ever dividend — propelled US equity indexes higher Friday, to a … Read more
Home » Bargain seekers push corn, soybeans, wheat higher Source: Sosland Publishing Co. Recap for January 30 Bargain buying off multi-year lows sent corn and soybean futures higher Tuesday despite the absence of supportive supply-demand news. Corn futures were down 5% for the month while soybean futures were down 6% in the same period, a … Read more
Home » Futures dip as South American harvest ideas grow Source: Sosland Publishing Co. Recap for January 29 Growing potential for large South American harvests and worries about demand amid top global soy buyer China’s struggles with a real estate crisis sent US soybean futures below $12 a bu to two-year lows on Monday. Crude … Read more
Home » Export optimism boosts wheat futures Source: Sosland Publishing Co. Recap for January 25 Wheat futures continued to climb Thursday on optimism that North America and Europe could pick up some global demand amid geopolitical tension in the Middle East and terrorism in the Red Sea. Soybean futures declined Thursday after the USDA said … Read more