This trading week marked a series of reversals, and the latest trend continued for the most part today. It was generally pre-holiday lower volume for corn, wheat, and lean hogs but there was outsized volume trading in soybeans. Some notable stats from today and the trading week include:
Today’s closes above the 20-day moving average included: corn, soybeans, soymeal, soyoil, SRW, HRW, HRS, cattle and hogs. It was the first close above the 20 MA for corn in five weeks.
The October lean hog contract was the biggest market gainer last week, and while wheat took over the top spot this week, hogs have been on a steady rise since 8 August.
In terms of the number of trading sessions in a row with higher closes, the ho...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
Weather concerns and the impacts of the war in Iran helped push wheat and corn to sharp gains Tuesday, with both markets blowing past key technical resistance levels. The weather is now coupled with geopolitical tensions that look increasingly hard to resolve, which is giving funds the perfect...
Congress is moving forward with its FY 2027 spending bills, while also still working to address FY 2026 funding for the Department of Homeland Security, which is still in a shutdown. The House Agriculture-FDA Appropriations Subcommittee marked up and passed its FY 2027 bill. The House bill prov...
