Soft Commodities
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Wheat Extended Rally to 3-Year Highs into the Weekend
The wheat complex extended the move to 3-year highs for the winter wheats into the weekend. Chicago SRW contracts rallied…
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Soybeans Rallied with the Products on Friday
Soybeans posted 14 to 30 cent gains across most contracts on the Friday session. September was up 51 ¼ cents…
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Corn Pushed Gains into the Weekend as Specs Expand Length
Corn futures held onto the Friday gains into the close, with contracts settling 1 to 4 cents higher. September rallied…
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Cattle Markets Breakdown and End the Week on a Sour Note
The Cattle futures markets opened higher on Friday and traded to their respective highs. The markets then worked their way…
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Baltic Dry Index Extends Rally Into 7th Day
The Baltic Exchange’s dry bulk freight index rose 2.5% to 3,186 on Friday, extending its winning streak to seven sessions…
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Trade of The Day – COCOA
Facts: EMA60 crossed above EMA200 and EMA100 from below EMA100 is narrowing the distance to EMA200 (from below) Price broke…
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Palm Oil Heads for First Weekly Loss in Four Weeks
Malaysian palm oil futures hovered near MYR 4,850 per tonne, rebounding from recent declines as firmer rival edible oils on…
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Soybean Futures Extend Rally
Soybean futures climbed further above $12.6 per bushel, extending their rally to the highest level since December 2023 as concerns…
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Corn Holds Near 3-Year High
Corn futures held above $5.1 per bushel, staying near their highest level since July 2023 as mounting crop concerns and…
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Chart of The Day – Why is wheat gaining so strongly?
Wheat prices are currently driven by various overlapping geopolitical risks and rapidly deteriorating global harvest prospects. Recent gains have clearly…
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