Yesterday’s Close: March corn futures finished yesterday’s session down 4 ½ cents, trading in a range of 6 ¾ cents.
Fundamentals: Corn futures worked lower yesterday on what was light participation, in terms of trade volume. We expect to see low participation through the rest of the year (three sessions). Weekly Export inspections came in at 996,098 metric tons, within the range of expectations.
Yesterday’s Close: March soybeans finished yesterday’s session down 13 ¼ cents, trading in a range of 19 ¼ cents.
Fundamentals: Soybeans rolled over hard on lack of bullish fundamental news regarding trade, coupled with a technical breakdown. Participation was halfway decent yesterday, but we could see the volume thin back out as we look to wrap up the year. Weekly export inspections came in at 651,181 metric tons, this was below the low end of expectations.
Yesterday’s Close: March wheat futures finished yesterday’s session down 5 ¾ cents, trading in a range of 11 ¾ cents.
Fundamentals: Wheat futures worked lower along with corn and soybeans, despite any meaningful news hitting the wires. Export inspections came in at 543,126 metric tons, this was within the range of expectations.
Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.