Latest news with #AgRural
Yahoo
10 hours ago
- Business
- Yahoo
Corn Facing Pressure on Monday
Corn is trading with 7 to 10 cent losses across most contracts on Monday. The front month CmdtyView national average Cash Corn price is down 9 cents today at $3.96. Crude oil down $2.75, as the market is failing to see reaction following the US strikes on Iran nuclear facilities over the weekend. Export Inspections data showed 1.48 MMT (58.13 mbu) of corn shipped in the week that ended on June 19, which was down 12.91% from the week prior, but still up 28.07% from the same week last year. Mexico was the top destination of 345,857 MT, with 249,885 MT headed to Japan. Marketing year shipments have totaled 53.547 MMT (2.108 bbu) since September 1, 28.51% larger yr/yr. Coffee Prices Rebound on Slack Rain in Brazil Cocoa Prices Surge as Ivory Coast Cocoa Exports Slow Sugar Prices Pressured by the Outlook for Adequate Supplies Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Ahead of the weekly Crop Progress report, traders surveyed by Bloomberg are expecting to see corn conditions steady this last week at 72% gd/ex. The range of estimates is 70-74%. Brazil's second crop corn harvest is estimated at 13% complete in the center-south region, according to AgRural, which is well below the 34% from this point last year. Jul 25 Corn is at $4.19 1/4, down 9 1/2 cents, Nearby Cash is at $3.96 0/1, down 9 cents, Sep 25 Corn is at $4.18, down 7 1/2 cents, Dec 25 Corn is at $4.34, down 7 1/4 cents, New Crop Cash is at $3.90, down 7 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Globe and Mail
04-02-2025
- Business
- Globe and Mail
Grain Markets Find Thier Footing in the Early Morning Trade
Soybeans Technicals March soybean futures continued to retreat yesterday and are struggling to find their footing in the early morning trade, though are defending yesterday's low of 1040, which came in just a penny above our first support level. A failure here and a further decline down to 1018 1/2-1025 seems likely. If that gives way, the recent trend of higher lows would be at risk of turning into lower lows. All noise aside; the chart is constructive until then. Technical Levels of Importance Resistance: 1073 1/2-1076 1/4***, 1097 1/4-1101 **** Pivot: 1055-1062 1/2 Support: 1039**, 1018 1/2-1025***, 1003-1008 1/4 *** Fundamental Notes Brazil's 2024/25 soybean crop is expected to total 171 million metric tons, agribusiness consultancy AgRural said on Monday, lowering its forecast by 500,000 tons due to lower yields in the states of Mato Grosso do Sul, Parana and Rio Grande do Sul. -Reuters Weekly export inspections were reported at 729k metric tons, below the low end of estimates and about 250k less than last week's report. Seasonal Tendencies Update Below is a look at historical price averages for March soybean futures on a 5, 10, 15, 20, and 30 year time frames (Past performance is not necessarily indicative of future results). Commitment of Traders Update Managed money bolstered their bullish bets on soybean futures & options by just over 7,000 contracts, now holding a net-long position of 40,330 contracts between futures & options. Ready to dig in? Subscribe to our daily Grain Express for fresh insights into Soybeans, Wheat, and Corn. Get our expert technical analysis, proprietary trading levels, and actionable market bias delivered right to your inbox. Sign Up for Free Futures Market Research – Blue Line Futures Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Blue Line Futures is a member of NFA and is subject to NFA's regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition. With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@ or call us at 312- 278-0500 Performance Disclaimer Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.
