Soybeans Showing Quiet Trade Ahead of Holiday
Soybeans Showing Quiet Trade Ahead of Holiday
Soybeans are 1 to 2 cents higher so far on Wednesday, as the market tries to push higher. The cmdtyView Cash Bean price is up 1 3/4 cents to $10.27…
Cocoa Prices Hammered by Favorable Growing Conditions in West Africa
Cocoa Prices Hammered by Favorable Growing Conditions in West Africa
July ICE NY cocoa (CCN25) today is down -266 (-2.68%), and July ICE London cocoa #7 (CAN25) is down -202 (-3.14%).Cocoa prices today added to Tuesday's losses and are sharply…
Coffee Prices Plummet on an Improved Supply Outlook
Coffee Prices Plummet on an Improved Supply Outlook
July arabica coffee (KCN25) today is down -11.10 (-3.31%), and July ICE robusta coffee (RMN25) is down -301 (-6.97%).Coffee prices are plummeting today, with arabica falling to a 5-month low…
Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate
Crude Prices Fall on Hopes the Israel-Iran Conflict Will De-Escalate
July WTI crude oil (CLN25) today is down -1.06 (-1.42%), and July RBOB gasoline (RBN25) is down -0.0054 (-0.24%).Crude oil prices today gave up an early advance and turned lower…
Corn Edging Out Gains on Wednesday Morning
Corn Edging Out Gains on Wednesday Morning
The corn market is trying to squeeze out some gains ahead of the Thursday holiday, as contracts are up fractionally to 2 cents so far. The market will be closed…
Cotton Weakness Continues on Wednesday
Cotton Weakness Continues on Wednesday
Cotton prices are down 35 to 70 points so far on Wednesday morning. Futures were down 17 to 47 points across most contracts on Tuesday. Crude oil was back up…
Corn Getting Spillover Support from Wheat
Corn Getting Spillover Support from Wheat
Corn futures are showing some continued bear spreading on Wednesday, with July down ¼ cent ahead of Friday’s options expiration, as other contracts are up 4 to 5 cents. Support…
Wheat Shorts Running for Cover on Wednesday
Wheat Shorts Running for Cover on Wednesday
The wheat market is rallying across the three markets on Wednesday, as shorts are covering at midday. Chicago SRW futures are 23 to 24 cents higher in the front months…
Wednesday Sector Leaders: Financial, Services
Wednesday Sector Leaders: Financial, Services
The best performing sector as of midday Wednesday is the Financial sector, higher by 0.9%. Within that group, State Street Corp. (Symbol: STT) and Wells Fargo & Co (Symbol: WFC)…
Wednesday Sector Laggards: Energy, Utilities
Wednesday Sector Laggards: Energy, Utilities
Looking at the sectors faring worst as of midday Wednesday, shares of Energy companies are underperforming other sectors, showing a 0.3% loss. Within that group, Halliburton Company (Symbol: HAL) and…
Wheat Strength Extending to Wednesday
Wheat Strength Extending to Wednesday
Wheat is pushing higher so far on Wednesday, with contracts 3 to 6 cents in the green. The wheat market saw higher trade across all three markets to close out…
Cotton Slipping Back to Start Tuesday
Cotton Slipping Back to Start Tuesday
Cotton price action is mostly lower on Tuesday morning, down 3 to 10 points. Futures were up 8 to 33 points higher. Crude oil was back down $1.54/barrel, as futures…