Kc Wheat Commodity Markets, Prices & Futures
Use the chart below to check futures prices for K.C. Wheat. Click the contract dates for more prices and trends. Cash price reflects the USDA Chicago terminal.
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Latest News From KC Wheat
With interest rates and expenses high and commodity prices still low, marketing and social media promotion is necessary to pull every last dollar of revenue out of good conditioned, used machines on the auction circuit.
DuWayne Bosse with Bolt Marketing says the grain markets saw selling pressure from a stronger dollar and some liquidation ahead of first notice day on Friday and on end of the month liquidation.
Mark Knight of Farmers Keeper Financial says corn is drifting lower with some end of month profit taking and after having digested the lower yield estimates from the Pro Farmer crop tour.
Oliver Sloup of Blue Line Futures says corn has consolidated the last two sessions after hitting chart resistance at $4.17 and may wait for combine results before taking out that level.
Randy Martinson with Martinson Ag says corn is drifting Tuesday with some consolidation after hitting chart resistance on Monday and with liquidation ahead of first notice day on Friday and the end of the month.
Vince Boddicker with Farmers Trading Company says soybeans sank on profit taking and could see further liquidation going into first notice day and end of the month.
Will this be the summer of drought that never fully materialized for these two crops? While there are areas of dryness, both continue to flourish. Here’s a look at how August weather is expected to finish out this week across the country, as September comes into view.
Mark Schultz, Northstar Commodity, says corn December corn closed above the $4 level on Friday and was nearly steady for the week.
Darin Newsom, senior market analyst with Barchart, Inc. says fund or managed money traders have stepped back in as the market is coming back to the reality that the grain fundamentals are bearish.
Kent Beadle with Paradigm Futures says corn is following the soybean market early Wednesday after USDA shocked the market with a record 188.8 bu. yield and 2 million more harvested acres. So did the report bottom the markets?