Wheat Weekly Comments
Wheat pushed higher for two sessions this week, but that also means wheat posted losses in two sessions for the week ending Thursday. Trouble was the losing session way outweighed the stronger session. Wheat started the week trading mixed with MW higher while the winter wheat exchanges started lower. Support spilled over from the sharply […]
Soybeans Weekly Comments March 13
Soybeans gapped higher at the start of the week and stayed on the positive side until midway through the day session. The market closed with small losses in old crop and small gains in the new crop contracts. Spillover support from the sharply higher crude oil market pulled soybean higher overnight. Day session pressure came […]
Cattle Weekly Comments March 13
Live cattle flipped flopped aback and forth this week, posting heavy losses to start the week and again midweek while trying to recover some losses the other two sessions. Feeder cattle did not have the same optimism, posting heavy losses in two of the three lower days and only seeing gains in one session. Cattle […]
Corn Weekly Comments March 13
Corn gapped higher at the start of the week and then proceeded to added to the gains. The market drifted lower in the day session and closed with losses. Overnight support spilled over from the sharply higher crude oil market, but as crude trimmed gains in the day session, so did corn. Profit taking pressured […]
Canola Weekly Comments March 13
Not to be left out of the rally, canola gapped higher to start the week and then added to the gains only to turn lower in the day session and close with losses. Like the rest of the grains, canola followed the sharply higher crude oil market at the start of the overnight session. But […]