MARKETS
It was a sea of red in the grain markets today with corn, soybeans, and wheat all trading lower, this despite some good news on the demand front.
Trading ranges have continued to expand as uncertainty remains. These are the levels we are keeping a close eye on for today’s trade.
Grain futures were higher in the overnight trade but faded through the regular trading hours with corn and wheat finishing the day lower
Grain markets were mixed through the early morning trade but finished the day sharply lower following a bearish USDA report. Here’s a look at how things shook out.
Another week is in the books, here’s what happened in the grain markets.
July soybeans traded in an 84 1/2 cent range last week. Trading to their lowest levels since January 2022, but rebounding to post the highest closing price since May 16th.
Grain futures prices had a strong rally last week but were unable to find any follow-through in today’s trade.
Weekly overview of ag commodity markets prepared by Brugler Marketing & Management LLC. Not intended as trading advice.
A recap of what was weighing on grains last week and an updated look at how Funds are positioned.