November soybeans have been battered and beaten up. The market was already reeling when USDA came up with one million additional acres of soybeans planted and a record yield of 53.2 bpa. In the past few weeks, soybeans have registered new contract lows as funds reveled in...
Technically Speaking
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All Posts
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by Dana Mantini , Senior Market Analyst
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by Todd Hultman , DTN Lead Analyst
September Chicago wheat shows hints of buying at their lowest prices in nearly four years but haven't yet been able to break resistance.
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by Dana Mantini , Senior Market Analyst
With poor economic news such as the unemployment rate rising to 4.3% filtering out in the past week and the surge in the Japanese yen, the U.S. Dollar Index has plunged to its lowest level since March. Typically, that would be very supportive for U.S. wheat, as would the expected...
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by Todd Hultman , DTN Lead Analyst
Favorable crop prospects in the U.S. have encouraged specs to sell November soybeans to their lowest price level in over three and a half years, creating a bargain for potential buyers. Technically speaking, there is also reason to believe long-term support may be near.
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by Dana Mantini , Senior Market Analyst
Markets seem to get overdone to the upside and the downside. Following the recent bearish slide in corn and especially soybeans and wheat prices, it is difficult to talk about anything other than the following.
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by Todd Hultman , DTN Lead Analyst
More than just salad dressing, the world's plant oils are increasingly being sought out as low-carbon substitutes for fuel as prices show signs of increased demand.
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by Dana Mantini , Senior Market Analyst
So far, managed money has been rewarded for being bearish corn. Will that continue?
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by Todd Hultman , DTN Lead Analyst
Managed futures funds are heavily net short in corn futures, but cash prices reflect uncertain prospects for 2024 production and strong demand at these lower prices.
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by Dana Mantini , Senior Market Analyst
Minneapolis September wheat is getting very oversold and is ripe for a correction.
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by Todd Hultman , DTN Lead Analyst
After trading higher in late April and May, July contracts of both corn and wheat have fallen back the past two weeks, but it is Chicago wheat that may have stronger potential for technical support.
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by Dana Mantini , Senior Market Analyst
With last week's crop progress report indicating that corn was 83% planted as of Sunday, and slightly ahead of the 5-year average, there is no doubt that the U.S. corn crop is off to a favorable start. .
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by Todd Hultman , DTN Lead Analyst
On May 24, July Chicago wheat closed near $7 for the first time since August 2023, helped by a number of weather surprises in early 2024.
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by Todd Hultman , DTN Lead Analyst
On May 14, 2024, the U.S. initiated a new round of tariffs on Chinese goods, always a touchy subject for the soybean market. Traders might be wondering about retaliation from China; but so far, soybean prices are showing no concern.
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by Dana Mantini , Senior Market Analyst
Just since April 18, Kansas City July wheat has surged $1.20, fueled by several frost/freeze events in key Russian wheat areas with another report of frost over the weekend.
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by Todd Hultman , DTN Lead Analyst
The corn planting season is here and challenges are already emerging as the rains keep coming. December corn prices turned higher and we have to wonder how much potential there may be for more gains ahead.
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by Dana Mantini , Senior Market Analyst
Kansas City new-crop wheat meandered within a 40-cent range for two consecutive months and appeared to have little chance of a breakout of that sideways pattern. That is until just eight days ago. Since then, the rally has not paused. Ultra-short-managed money funds and...
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by Todd Hultman , DTN Lead Analyst
While the top two U.S. soybean competitors are both harvesting soybeans, November soybean prices are only showing limited bearish pressure in April. Is something more going on?
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by Todd Hultman , DTN Lead Analyst
Brazil's safrinha corn crop is about to enter its dry season, but so far, corn prices are not showing concern for smaller supplies either in the U.S. or in Brazil.
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by Dana Mantini , Senior Market Analyst
With wheat markets universally under severe pressure for the last year or more, it would be going out on a fragile limb to even think about predicting a turnaround. However, wheat in general, and KC wheat in particular, is showing some subtle signs the worst could be over.
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by Todd Hultman , DTN Lead Analyst
Just as the new highs in cash soybean prices above $16.47 ultimately lost support in June 2022, the new lows in February 2024 may suffer the same fate.
Markets
- Market Matters Blog by DTN Staff
- Technically Speaking by DTN Staff
- Sort & Cull by DTN Staff
- Fundamentally Speaking by Joel Karlin
- Canada Markets by DTN Staff
News
- Production Blog by Pam Smith
- Ethanol Blog by DTN Staff
- Ag Policy Blog by Chris Clayton
- South America Calling by DTN Staff
- An Urban's Rural View by Urban Lehner
- MachineryLink by Dan Miller
- Editors' Notebook by Greg D.Horstmeier