World Perspectives
feed-grains soy-oilseeds wheat

Closing Bell Wrap-Up

Early gains in corn and soybeans gave way to selling pressure this afternoon while poor crop condition ratings for winter wheat boosted prices across the board. Livestock futures continue to implode under the weight of large spring/summer cattle and hogs supplies and weakening cash prices.  Outside markets are higher today with the Dow and S&P 500 indexes back in the green after yesterday’s sharp selloff. Talk yesterday afternoon was focused on the S&P 500’s close below the 200-day moving average (MA), which tends to indicate bearish price action ahead. Today, the S&P has traded both sides of unchanged and is currently still below the 200-day MA. The CBOE’s VIX index id down 1.38 percent at 22.25 as of th...

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.3125/bushel, up $0.0375 from yesterday's close.  Mar 26 Wheat closed at $5.525/bushel, up $0.1525 from yesterday's close.  Mar 26 Soybeans closed at $11.3725/bushel, up $0.1325 from yesterday's close.  Mar 26 Soymeal closed at $307.9/short ton, up $4.9 fr...

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From WPI Consulting

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