| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 4,639 +3.13% on 01/29/24 | | 4,843 -1.22% on 01/17/24 | -23 (-0.48%) since 01/08/24 |
| 3-Month | 4,639 +3.13% on 01/29/24 | | 5,092 -6.05% on 11/27/23 | -97 (-1.99%) since 11/08/23 |
Soy futures were mixed on USDA’s report day, with a Soy oil rally. The triple digit gains of as much as 2.5% helped soybeans stay in the black as well. Front month soybean futures were 1 ¾ to 4 ½ cents...
Corn prices sold off at 9AM into the report, but (after an initial spike lower) had recovered back to positive territory. An afternoon fade into the close left the board a penny to 1 ½ cents lower across...
Front month wheat futures ended the day with double digit losses of over 2% across all three domestic classes. Chicago was 13 to 14 cents lower and are now sub-$6 through Sep. KC futures ended the day...
With the USDA report behind us, what's next for the markets?
The midday wheat market quotes are 1.5% to 2.2% in the red across the U.S. futures. Chicago prices are 9 ½ to 11 cents lower on the looser U.S. carryout forecast. KC HRW futures are currently working...
Midday corn prices are sitting fractionally to 1 ½ cents in the black. Futures were in the black through the morning, before dropping on the WASDE reaction. Traders added 25.4k new option positions in...
The Soy oil futures are rallying by triple digits through midday, propping up the bean market. Soybeans are fractionally in the black for midday. The report reaction had given most of the early ssessiongains...
Grain markets are quiet in the early morning trade as traders gear up for today’s USDA report.
The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.
| Symbol | Last | Change |
|---|---|---|
| XTH24 | 4,784s | +9 |
| DCE No.1 Soybean | ||
| ZCH24 | 431-6 | -1-4 |
| Corn | ||
| ZSH24 | 1193-2 | -0-2 |
| Soybean | ||
| ZMH24 | 345.5 | -1.6 |
| Soybean Meal | ||
| ZLH24 | 48.13 | +0.19 |
| Soybean Oil | ||
| ZWH24 | 590-4 | +2-0 |
| Wheat | ||
| KEH24 | 601-0 | unch |
| Hard Red Wheat | ||
| MWH24 | 683-0 | -0-6 |
| Spring Wheat | ||
| ZOH24 | 380-2 | +1-4 |
| Oats | ||
| ZRH24 | 18.675 | +0.025 |
| Rough Rice | ||
| RSK24 | 602.60 | -1.80 |
| Canola | ||
| 3rd Resistance Point | 4,832 |
| 2nd Resistance Point | 4,815 |
| 1st Resistance Point | 4,799 |
| Last Price | 4,784s |
| 1st Support Level | 4,766 |
| 2nd Support Level | 4,749 |
| 3rd Support Level | 4,733 |
| 52-Week High | 5,371 |
| Fibonacci 61.8% | 5,091 |
| Fibonacci 50% | 5,005 |
| Fibonacci 38.2% | 4,919 |
| Last Price | 4,784s |
| 52-Week Low | 4,639 |
