After the Bell
This afternoon report recaps the day’s price moves with quick-hitting market summaries for corn, soybeans, wheat, cotton, cattle & hogs.
The grain and soy complex edged lower amid low volume trade and mostly favorable weather throughout the Midwest.
Corn and soybeans were able to rebound from intraday lows amid a wheat led charge.
Selling was featured across the grain and soy complexes to end the week, though corn and soybeans were able to notch modest weekly gains, while wheat futures marked contract lows.
Corn and soybean futures notched gains, while wheat consolidated lower amid lingering technical pressure.
Corn futures edged higher for the third straight session, though earlier gains across the grain and soy complexes faded as the U.S. dollar rose from its mid-morning low.
Technical headwinds and U.S. dollar strength weighed on wheat futures, which pulled corn and soybeans from intraday highs.
Corn soybeans and SRW wheat each notched weekly losses as technical pressure continues to curb buyer interest, though SRW futures notched a promising daily gain despite followthrough strength in the U.S. dollar.
Corn faced corrective selling following two days of gains, while soybeans ended the session modestly higher.
Corn and wheat posted modest short-covering gains at midweek, which stemmed from U.S. dollar weakness and a rally in crude oil futures. Soybeans ended mostly lower; seemingly caught in the crossfire of apparent spread trading in derivatives.
Corn and soybean futures posted modest corrective gains, while wheat edged lower amid technical selling.
The grain and soy complexes faced notable selling to begin the week as improving weather forecasts and technical selling weighed on prices.
Corn futures ended the session higher following a surprise cut to ending stocks in USDA’s supply and demand data today, while soybeans and wheat extended recent selling efforts.
U.S. dollar weakness, in the wake of a lower June CPI reading, spurred modest short-covering ahead of USDA’s supply and demand update on Friday.
Soybeans and wheat led the grain and soy complexes lower, while hog futures closed sharply lower amid cash market pessimism.
Corn and wheat posted mild corrective gains, while soybeans extended lower amid heavy selling in soyoil.
Broad-based selling was featured across the grain and soy complexes to begin the week as mostly favorable U.S. weather conditions bode well for production prospects.
Corn, soybeans and wheat each posted strong gains to end the week while livestock markets ended the day mixed in light volume trade.
The livestock markets rebounded from Monday’s losses today. Corn and soybeans saw modest gains but closed off session highs. Wheat and cotton continue to face selling pressure.