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Soybean Futures Trading Advisory News

Crop markets to open lower on Friday

Corn futures are called 4 to 5 cents lower. Overnight trade at 6:45 am CT was 4 1/2 cents lower. After the nearby March contract hit a four-week high early in the session on Thursday, the market has turned lower. Fund selling pushed prices lower yesterday and again overnight.

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Corn and wheat lower, soybeans higher at midday

Corn futures are trading lower at midsession. There is little fresh news this morning, but futures are drifting lower amid strength in the dollar index. South American corn production prospects continue to influence trade.

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USDA reports neutral for corn and soybeans

Corn futures are called steady on the open. USDA reports were neutral for the market. USDA raised the corn export number by 50 million bushels and cut ending stocks by 45 million, but this was right on trade expectations. A smaller Argentine crop is expected to help boost U.S. export demand.

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Crop market to open higher on Tuesday

Corn futures are called 7 cents higher. Overnight trade at 6:45 am CT was 7 cents higher. The market is rebounding from the losses on Monday due to the dollar index turning lower and on end-of-month short-covering. Crude oil futures were trading solidly higher overnight.

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Crop markets called slightly higher on the open Monday

Corn futures are called 1 to 2 cents higher. Overnight trade at 6:45 am CT was 1 1/2 to 2 cents higher. The market is trading higher overnight on support from bullish momentum.

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CBOT crop markets to open lower on Thursday

Corn futures are called 6 to 7 cents lower. Overnight trade at 6:45 am CT was 6 1/2 to 7 cents lower.

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Crop markets to open higher on Friday

Corn futures are called 1 to 2 cents higher. Overnight trade at 6:45 am CT was 1 1/2 to 1 3/4 cents higher. Light support is being generated by weakness in the dollar index. However, there is little fresh news available. South American corn production prospects continue to influence trade.

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Crop markets expected to open lower on Tuesday

Corn futures are called 4 cents lower. Overnight trade at 6:45 am CT was 3 3/4 to 4 1/4 cents lower. The market traded choppy overnight, but turned lower as futures are expected to remain in a trading range ahead of the USDA reports due out Thursday morning.

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