Ag markets diverge | Friday, January 14, 2022

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Ag markets diverge | Friday, January 14, 2022


Simply as they began the session, the CME Group’s farm markets stay combined.

At midsession, the March corn futures are 3¾¢ increased at $5.91. Could futures are 3¢ increased at $5.92. July corn futures are 2¼¢ increased at $5.90. December futures are ¾¢ increased at $5.58.  March soybean futures are 4½¢ decrease at $13.72. 

Could soybean futures are 4¾¢ decrease at $13.82. New-crop November soybean futures are 7½¢ decrease at $12.97.

March wheat futures are 4½¢ decrease at $7.42. March soymeal futures are $1.80 per brief ton decrease at $407.10.


March soy oil futures are unchanged at $58.44 per pound.

Within the outdoors markets, the crude oil market is $1.04 per barrel increased at $83.16. The U.S. greenback is increased, and the Dow Jones Industrials are 250 factors decrease (-0.69%) at 35,863.

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Ag markets diverge

On Friday, the CME Group’s farm markets commerce combined as buyers eye fund liquidation.

In early buying and selling, the March corn futures are 1¼¢ increased at $5.89. Could futures are 1¼¢ increased at $5.90. July corn futures are ½¢ increased at $5.88. December futures are 2¢ increased at $5.59.  March soybean futures are 3¢ decrease at $13.74. 

Could soybean futures are 3¼¢ decrease at $13.84. New-crop November soybean futures are 6½¢ decrease at $12.98.

March wheat futures are 7¢ decrease at $7.39. March soymeal futures are 1.40 per brief ton increased at $410.30.


March soy oil futures are 0.38¢ decrease at 58.06¢ per pound.

Within the outdoors markets, the crude oil market is $0.58 per barrel increased at $82.70. The U.S. greenback is increased, and the Dow Jones Industrials are 342 factors decrease (-0.95%) at 35,771.

On Friday, personal exporters reported the next exercise: 

100,422 metric tons of corn for supply to Mexico throughout the 2021/2022 advertising yr

100,000 metric tons of soybean meal for supply to Spain throughout the 2022/2023 advertising yr

Bob Linneman, Kluis Advisors, says that outdoors buyers could also be promoting lengthy positions.

“Grain futures had been hit with heavy promoting on Thursday. This robust promoting following a quiet USDA report on Wednesday is main many merchants to imagine the funds are exiting some lengthy positions in corn and soybeans. A major offender for the barrage of promoting is the drenching rains which might be presupposed to fall Sunday by way of Wednesday in lots of the dry areas of South America. If these rains don’t materialize because the fashions counsel, then we may see some wild value motion early subsequent week,” Linneman acknowledged in a word to clients. 

Linneman added, “Foundation ranges have slipped over the previous month in lots of areas of the Corn Belt. If foundation begins to slide quicker in a single space, then it may create a domino impact and push foundation again to extra regular ranges. If foundation remains to be robust regionally, then contemplate whether or not locking that foundation is the best transfer.”



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