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| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 4,503 +4.37% on 06/18/24 | | 4,734 -0.72% on 07/08/24 | +100 (+2.17%) since 06/07/24 |
| 3-Month | 4,503 +4.37% on 06/18/24 | | 4,825 -2.59% on 04/11/24 | -88 (-1.84%) since 04/08/24 |
Cattle bulls can't support futures as they break down hard on Monday
The wheat market ended the Monday session with double digit losses across the three exchanges. Chicago futures were down 10 ¼ to 20 cents on the day. Kansas City contracts fell 15 ¼ to 21 ¾ cents across...
Soybean bears came out of the weekend with a vengeance, as contracts fell 16 to 30 ¼ cents across the board. There was no assistance from the products this time, as Soymeal was down $4.50 to $11.10/ton...
Corn futures fell out of the gates on Monday, with front months down 12 ½ to 17 ¼ cents and deferred contracts losing 4 ½ to 9 ½ cents. Crop Progress data showed 24% of the corn crop as silking 10%...
Cooler and Wetter Pressures Grains
Hence, long way around the barn, but don't be surprised to see a greater than $8.00 positive basis form and potentially remain that way into the end of August.
The wheat market is trading with double digit losses across the three exchanges on Monday, giving back the gains from the Friday session. Chicago futures are down 19 to 24 cents so far on the day. Kansas...
Soybeans are posting 20 to 33 cent lower action as we trade through Monday’s midday. Bears took the Friday session off but are coming back with a vengeance today. Soymeal is down $8.00/ton in the August...
Corn futures are falling 14 to 18 cents so far on the Monday session, as traders come back to a wetter ECB forecast. Preliminary open interest showed some net new buying, up 2,588 contracts. There were...
The Barchart Trading Guide is a Buy Signal with a Maximum Signal Strength.
| Symbol | Last | Change |
|---|---|---|
| XTU24 | 4,700s | -16 |
| DCE No.1 Soybean | ||
| ZCZ24 | 408-0 | +0-2 |
| Corn | ||
| ZSX24 | 1095-0 | -4-4 |
| Soybean | ||
| ZMZ24 | 320.5 | -0.9 |
| Soybean Meal | ||
| ZLZ24 | 47.38 | -0.88 |
| Soybean Oil | ||
| ZWU24 | 571-4 | +1-0 |
| Wheat | ||
| KEU24 | 579-6 | +2-4 |
| Hard Red Wheat | ||
| MWU24 | 619-2 | +1-6 |
| Spring Wheat | ||
| ZOZ24 | 310-0 | -7-6 |
| Oats | ||
| ZRU24 | 14.735 | -0.055 |
| Rough Rice | ||
| RSX24 | 645.30 | -3.10 |
| Canola | ||
| 3rd Resistance Point | 4,795 |
| 2nd Resistance Point | 4,765 |
| 1st Resistance Point | 4,732 |
| Last Price | 4,700s |
| 1st Support Level | 4,669 |
| 2nd Support Level | 4,639 |
| 3rd Support Level | 4,606 |
| 52-Week High | 5,045 |
| Fibonacci 61.8% | 4,812 |
| Fibonacci 50% | 4,740 |
| Last Price | 4,700s |
| Fibonacci 38.2% | 4,668 |
| 52-Week Low | 4,435 |
