Wheat Weekly Comments April 10
WHEAT The wheat exchanges started the week on the defense, spending most of the session on the lower side. KC saw the largest losses. Pressure came from weekend rains throughout the winter wheat areas. Significant rains fell in IL, IN, and OH. Good rains fell over the eastern 2/3 of OK and the eastern half […]
Corn Weekly Comments April 10
CORN Corn was briefly higher at the start of the overnight session and then turned lower. The market got back on the positive side early in the day session and then traded in a tight range and closed with small gains. Support came from a strong export shipments report. Last week’s shipments were above the […]
Soybean Weekly Comments April 10
SOYBEANS Soybeans opened higher overnight and then quickly turned lower. The market got back on the positive side midway through the overnight session and then traded choppy and closed with small gains. Technical buying and spillover support from the sharply higher soybean oil market supported soybeans. Support also came from last week’s export shipments report […]
Canola/Sunflower Weekly Comments April 10
CANOLA/SUNFLOWER Canola traded back and forth in a very choppy session and closed with small losses. Technical selling pressured canola. Losses were limited by the higher soybean complex. Canada’s marketing year to date canola exports now total 5.31 MMT vs. 6.86 MMT at this time last year. Tuesday’s session had canola trading on both sides […]
Cattle Weekly Comments April 10
Live cattle gapped higher at the start of the week, then traded in a choppy fashion on both sides of unchanged only to close with decent gains. Feeder cattle traded back and forth on both sides of unchanged and ended the session mixed with losses in the April and May contracts and small gains in […]