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Wheat, corn, soybeans market preview with live prices by wwy yrj
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Wheat, corn, soybeans market preview with live prices by WWY YRJ
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| Article Posted: 12/25/2012 |
| Article Views: 51 |
| Articles Written: 1412 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 376 |
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Wheat, corn, soybeans market preview with live prices |
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Business,Business News,Business Opportunities
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US Agriculture after the Closing Bell Futures Report Wheat futures softened into the close to finish narrowly mixed inChicago; around 0.01 higher in Kansas City and weaker inMinneapolis on Tuesday. After enjoying slight to moderate gainsmost of the trading session, Wheat futures saw pressure into theclose as traders lightened their long holdings and booked profitson the day. Corn futures closed mixed on Bull spread unwinding. Old-cropfutures finished 0.06 to 0.065 lower, with Sept + 0.0075. New-cropcorn ended 0.035 to 0.0425 higher.
Early buying in old-crop Corngave way to Bull spread unwinding despite rumors China was shoppingfor US Corn. Long Soybean/short Corn spreading was also a featuredaction. Soybean futures closed 0.055 to 0.0750 higher, which was near themiddle of Tuesday's range. Meal futures were mostly 2.40 to3.40 higher, Soyoil posted gains of 9 to 12 pts. Buyers returned tothe Soybean market Tuesday after consecutive days of correctiveprice declines.
Fundamental support came from fresh demand news asUSDA announced daily sales of 225,000 metric tons (MT) of Soybeanto unknown destinations, split between this and the upcomingmarketing year. May and Jul Cotton futures settled high-range with gains of 173 and121 pts, respectively. Deferred contracts finished at or near theirdaily lows with gains of 4 to 31 pts. Cotton futures benefited fromcorrective Short-covering after sharp to limit-lower losses Mondayon widespread risk aversion and beneficial rains in the South overthe weekend. Live Agricultural Markets Live Cattle futures enjoyed light short-covering support to finish0.30 to 0.875 higher.
Feeder Cattle futures closed 1 to 1.525higher, supported in part by weakness on old-crop Corn futures.Traders in the Cattle pit are growing more optimistic of anear-term low being in place in the product market. Lean Hog futures closed 0.575 to 1.25 higher in the May through Augcontracts to recoup a good portion of yesterday's losses.Far-deferred futures closed mixed with an upside bias. Lean Hogfutures benefited from thoughts that the downside was overdone.Price-supportive outside markets, led by strong gains in the stockmarket and general strength in commodities, encouraged traders tocover Short positions. Share Us. I am a professional writer from Hardware, which contains a great deal of information about worm reduction gear , corner plate rack, welcome to visit!
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