Recent Energy Analysis
Summary of Futures
Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close. Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close. Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close. Mar 26 Soymeal closed at $291.6/short ton, down...
Venezuela Oil Situation and Oil Price Impacts
The world woke up on January 3 to news of the arrest of Nicolas Maduro, the self-proclaimed president of Venezuela. Few expected this move from the U.S. administration, but in hindsight it may not have been surprising. The Biden administration had placed a $25 million bounty on Maduro through...
Summary of Futures
Mar 26 Corn closed at $4.215/bushel, down $0.2425 from yesterday's close. Mar 26 Wheat closed at $5.1125/bushel, down $0.06 from yesterday's close. Mar 26 Soybeans closed at $10.49/bushel, down $0.135 from yesterday's close. Mar 26 Soymeal closed at $298.3/short ton, down $5.4...
Summary of Futures
Mar 26 Corn closed at $4.4575/bushel, down $0.0025 from yesterday's close. Mar 26 Wheat closed at $5.1725/bushel, down $0.0075 from yesterday's close. Mar 26 Soybeans closed at $10.625/bushel, up $0.0125 from yesterday's close. Mar 26 Soymeal closed at $303.7/short ton, up $0...
Summary of Futures
Mar 26 Corn closed at $4.46/bushel, down $0.0075 from yesterday's close. Mar 26 Wheat closed at $5.18/bushel, up $0 from yesterday's close. Mar 26 Soybeans closed at $10.6125/bushel, down $0.0575 from yesterday's close. Mar 26 Soymeal closed at $303.6/short ton, down $1.8 from...
Market Commentary: Export Chatter Lifts Soymeal, Soybeans; Weather Worries Boost Wheat
The CBOT renewed its early-week strength at mid-week and turned higher with soybeans and soymeal in the lead. Fresh news was light for the day, but markets responded positively to rumors of export business getting done for soybeans and soymeal, with wheat gaining on an increasingly warm and les...
Summary of Futures
Mar 26 Corn closed at $4.4675/bushel, up $0.0275 from yesterday's close. Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close. Mar 26 Soybeans closed at $10.67/bushel, up $0.1075 from yesterday's close. Mar 26 Soymeal closed at $305.4/short ton, up $5.9 from y...
Summary of Futures
Mar 26 Corn closed at $4.44/bushel, down $0.005 from yesterday's close. Mar 26 Wheat closed at $5.105/bushel, down $0.02 from yesterday's close. Mar 26 Soybeans closed at $10.5625/bushel, down $0.0575 from yesterday's close. Mar 26 Soymeal closed at $299.5/short ton, down $0.4...
Market Commentary: Weaker Crude Oil Sinks CBOT Despite Soybean Sales to China
The CBOT on Tuesday failed to follow Monday’s dramatic technical strength and corn, the soy complex, and wheat all settled lower for the day. A sharp pullback in crude oil prices was primarily responsible for the soy complex weakness as it eliminated a key piece of support for soyoil. In...
CFTC COT Report Analysis
Monday’s CFTC report showed managed money traders paring back long positions across the ag space for the third straight week as technical conditions deteriorated further. Funds shed 34,000 contracts from their all-ags position last week, with selling in corn and soybeans accounting for mo...
Market Commentary: Grains Rally on Crude Oil and Short Covering; Cattle Tempest Now Tempered
Ag markets were higher with support coming from a rally in crude oil and broader energy markets after the U.S. removed Venezuela’s president from power over the weekend. The move has direct bullish implications for crude oil supplies in the near term, which should help broader commodity m...
Summary of Futures
Mar 26 Corn closed at $4.445/bushel, up $0.07 from yesterday's close. Mar 26 Wheat closed at $5.125/bushel, up $0.06 from yesterday's close. Mar 26 Soybeans closed at $10.62/bushel, up $0.1625 from yesterday's close. Mar 26 Soymeal closed at $299.9/short ton, up $3.9 from yest...
Summary of Futures
Mar 26 Corn closed at $4.1975/bushel, down $0.0175 from yesterday's close. Mar 26 Wheat closed at $5.105/bushel, down $0.0075 from yesterday's close. Mar 26 Soybeans closed at $10.3875/bushel, down $0.1025 from yesterday's close. Mar 26 Soymeal closed at $291.6/short ton, down...
Venezuela Oil Situation and Oil Price Impacts
The world woke up on January 3 to news of the arrest of Nicolas Maduro, the self-proclaimed president of Venezuela. Few expected this move from the U.S. administration, but in hindsight it may not have been surprising. The Biden administration had placed a $25 million bounty on Maduro through...
Summary of Futures
Mar 26 Corn closed at $4.215/bushel, down $0.2425 from yesterday's close. Mar 26 Wheat closed at $5.1125/bushel, down $0.06 from yesterday's close. Mar 26 Soybeans closed at $10.49/bushel, down $0.135 from yesterday's close. Mar 26 Soymeal closed at $298.3/short ton, down $5.4...
Summary of Futures
Mar 26 Corn closed at $4.4575/bushel, down $0.0025 from yesterday's close. Mar 26 Wheat closed at $5.1725/bushel, down $0.0075 from yesterday's close. Mar 26 Soybeans closed at $10.625/bushel, up $0.0125 from yesterday's close. Mar 26 Soymeal closed at $303.7/short ton, up $0...
Summary of Futures
Mar 26 Corn closed at $4.46/bushel, down $0.0075 from yesterday's close. Mar 26 Wheat closed at $5.18/bushel, up $0 from yesterday's close. Mar 26 Soybeans closed at $10.6125/bushel, down $0.0575 from yesterday's close. Mar 26 Soymeal closed at $303.6/short ton, down $1.8 from...
Market Commentary: Export Chatter Lifts Soymeal, Soybeans; Weather Worries Boost Wheat
The CBOT renewed its early-week strength at mid-week and turned higher with soybeans and soymeal in the lead. Fresh news was light for the day, but markets responded positively to rumors of export business getting done for soybeans and soymeal, with wheat gaining on an increasingly warm and les...
Summary of Futures
Mar 26 Corn closed at $4.4675/bushel, up $0.0275 from yesterday's close. Mar 26 Wheat closed at $5.18/bushel, up $0.075 from yesterday's close. Mar 26 Soybeans closed at $10.67/bushel, up $0.1075 from yesterday's close. Mar 26 Soymeal closed at $305.4/short ton, up $5.9 from y...
Summary of Futures
Mar 26 Corn closed at $4.44/bushel, down $0.005 from yesterday's close. Mar 26 Wheat closed at $5.105/bushel, down $0.02 from yesterday's close. Mar 26 Soybeans closed at $10.5625/bushel, down $0.0575 from yesterday's close. Mar 26 Soymeal closed at $299.5/short ton, down $0.4...
Market Commentary: Weaker Crude Oil Sinks CBOT Despite Soybean Sales to China
The CBOT on Tuesday failed to follow Monday’s dramatic technical strength and corn, the soy complex, and wheat all settled lower for the day. A sharp pullback in crude oil prices was primarily responsible for the soy complex weakness as it eliminated a key piece of support for soyoil. In...
CFTC COT Report Analysis
Monday’s CFTC report showed managed money traders paring back long positions across the ag space for the third straight week as technical conditions deteriorated further. Funds shed 34,000 contracts from their all-ags position last week, with selling in corn and soybeans accounting for mo...
Market Commentary: Grains Rally on Crude Oil and Short Covering; Cattle Tempest Now Tempered
Ag markets were higher with support coming from a rally in crude oil and broader energy markets after the U.S. removed Venezuela’s president from power over the weekend. The move has direct bullish implications for crude oil supplies in the near term, which should help broader commodity m...
Summary of Futures
Mar 26 Corn closed at $4.445/bushel, up $0.07 from yesterday's close. Mar 26 Wheat closed at $5.125/bushel, up $0.06 from yesterday's close. Mar 26 Soybeans closed at $10.62/bushel, up $0.1625 from yesterday's close. Mar 26 Soymeal closed at $299.9/short ton, up $3.9 from yest...