Fundamentals: Corn futures were little changed yesterday as the market settles back into a relatively tight range. Export sales came in at 562,600 metric tons, this was within the range of estimates. Weather and harvest reports will continue to be the focus into and through the weekend, then attention will turn to next Thursday’s WASDE report, we will have estimates out beforehand.
Technicals: The pullback in prices over the last few sessions have been textbook and is healthy for the market. We continue to believe that....Sign up for your FREE two-week trial!
Fundamentals: Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit taking brought prices back into negative territory. Weather and harvest reports will continue to be the focus into and through the weekend, then attention will turn to next Thursday’s WASDE report, we will have estimates out beforehand.
Technicals: The market has retreated off technical resistance, a healthy development on the back of a huge run on Monday and Tuesday. 899-906 ¾ is the pocket we....Sign up for your FREE two-week trial!
Chicago Wheat (December)
Fundamentals: Export sales yesterday morning came in at 328,500 metric tons, nothing to write home about. Money flow and technicals will continue to be our focus as we look to round out the week, but attention next week will be on Thursday’s WASDE report. We will have estimates out by mid-week.
Technicals: With yesterday’s little changed session, technicals also remain little changed. The market....
Kansas City Wheat (December)
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