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Grain News and Commentary

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Sun, May 5th, 2024
Soybeans and Corn - traders perspective

We post our view about two of the five grains we actively follow

Long Soybean Oil Butterfly Spread and a Long Crude Oil Spread

Technically Soybean Oil looks broken, but several other indicators point to higher prices over the near term.

Wheat Holds Second Key Level, It Looks Like There Is More Upside To Come

Educational and Actionable information using Fibonacci & W.D. Gann analysis.

ZWN24 : 622-4s (+3.02%)
Month-end selling finds support across commodity markets

Fed FOMC holds rates steady again

How prevailing weak El Niño conditions are causing global crop concerns for corn and soybeans

Jim's video pinpoints crucial crop weather situations on four continents.

ZSN24 : 1215-0s (+1.33%)
SOYB : 25.55 (+0.99%)
ZCN24 : 460-2s (+0.11%)
CORN : 20.53 (+0.44%)
ZWN24 : 622-4s (+3.02%)
KEN24 : 650-2s (+2.16%)
WEAT : 5.87 (+2.98%)
Hogs and Cattle Struggle as they end Week Lower

Cash markets looking better but futures don't see the light

Pure Hedge - Livestock and Grain

A Little Water Never Hurts

Grain Spreads: Madness in Brazil

Destructive Rains Creating Havoc

Soybeans Close Just Off Friday Highs

Soybeans powered into the close as contracts were within a few cents of the daily high at the final bell. Futures were up anywhere from 7 to 16 cents at the close. The weekly gains totaled 37 ¾ cents...

ZMN24 : 372.2s (+2.00%)
ZLN24 : 43.08s (-0.37%)
ZSK24 : 1201-6s (+0.99%)
ZSPAUS.CM : 11.5597 (+1.42%)
ZSN24 : 1215-0s (+1.33%)
ZSX24 : 1201-0s (+1.12%)
ZSPX24US.CM : 11.3921 (+1.18%)
Wheat Rallies into Weekend

Wheat bulls were feeling better heading into the weekend, as Friday posted a round of strength. Chicago contracts were up 11 to 19 ¼ cents across the board, with May getting thin and July up just a tick...

ZWK24 : 606-0s (+3.32%)
ZWN24 : 622-4s (+3.02%)
KEK24 : 660-0s (+3.61%)
KEN24 : 650-2s (+2.16%)
MWK24 : 708-2s (unch)

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A third of office mortgages included in bonds are at risk of default warns KBRA Analytics. This is nearly double the level from a year ago 🚨 https://t.co/pMkYx8XHSY
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Nvidia $NVDA has recaptured its 50D moving average https://t.co/dgQCJmHFHI
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Another swing and a miss for Bank of America Chief Strategist Michael Hartnett! 0/50 the last year or so 🤦‍♂️ https://t.co/GT2lYG0GsI
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Regional Banks $KRE are underperforming Big Banks by the largest margin since the Global Financial Crisis https://t.co/Sda6FIXq8f
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Boeing Investors should vote against CEO Dave Calhoun's $32.8 million pay package says International Shareholder Services. How is that package even on the table? $BA shares have declined 8% since Jan 1, 2023 https://t.co/rKu4UxUe4z
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JUST IN 🚨: Treasury Secretary Janet Yellen says the Bank of Japan should consult with her before intervening to support Japanese Yen 😂 https://t.co/b7RPnCI0ki https://t.co/rNVD0mNAkq
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BREAKING 🚨: U.S. Federal Debt If rates remain stable over the next year, the U.S. will pay a total of $1.7 trillion in interest payments in the 12 months through April 2025. https://t.co/vOUjnvyUto https://t.co/Ny1jF75qKf
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Warren Buffett Insider Trading Alert 🚨 Berkshire Hathaway dumped roughly $20 billion worth of $AAPL shares in the first quarter, which amounted to roughly 13% of its total Apple position https://t.co/hmn4X835cz https://t.co/fwAHZZduNa

Chart of the Day

U S Lime & Mineral (USLM)

The Chart of the Day belongs to the basic material company US Lime & Minerals (USLM) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then...
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