World Perspectives
feed-grains soy-oilseeds wheat

Market Commentary

March corn spent the day drifting lower from the daily high of $3.9975/bushel to close about 10 cents lower. However, it is premature to interpret this price action as a bullish scenario that has run out of steam. General Comments It was a rather slow day of trading but not uneventful as patterns continue to develop. For example, turn a chart of March corn from daily into weekly and a nice looking "v bottom" technical chart pattern emerges. Less attractive but similar v bottom chart patterns exist in March soybeans, soymeal and Chicago wheat. The v bottom formation in these other contracts is less symmetrical than in the case of March corn, but the sibilance of a pattern still exists in each. Sloppier patterns just tend to have lower prob...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

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Jul 25 Corn closed at $4.755/bushel, up $0.0525 from yesterday's close.  Jul 25 Wheat closed at $5.3075/bushel, up $0.0525 from yesterday's close.  Jul 25 Soybeans closed at $10.445/bushel, down $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $298/short ton, down $0.2 f...

feed-grains soy-oilseeds wheat

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Jul 25 Corn closed at $4.755/bushel, up $0.0525 from yesterday's close.  Jul 25 Wheat closed at $5.3075/bushel, up $0.0525 from yesterday's close.  Jul 25 Soybeans closed at $10.445/bushel, down $0.0825 from yesterday's close.  Jul 25 Soymeal closed at $298/short ton, down $0.2 f...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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