Yntegra Trading | 2015 | January

Date archive: January 2015

Few in the industry would have expected our weekly cash trade to develop this early in the week, but there it was, trading at mostly $170 live in the South and $170 live/$270 dressed in the North midday yesterday. This was up a sharp $4 vs. the mostly $166 market of the prior week and…

Overnight trade was quiet for the wheat complex, as all three exchanges traded narrow ranges. Deliverable stocks for KC were reduced by two mbu last week, and market factors seem to point toward more drawdown of stocks. Estimates ahead of the Jan. 12 USDA S&D report show an increase in 2014/15 ending stocks with the…

Soybeans traded both sides of the market as traders position themselves in front of the pivotal Jan. 12th report. Trade has supported the soy market all week as dry conditions in N. Brazil and overly wet conditions in S. Brazil have traders concerned about the production number. The Mar. contract is trading at values not…

Corn futures were calm yesterday considering the volatility over the past couple days. March closed at $4.05, down a penny, and saw additional weakness overnight. Farmer selling has been light for some time now, but barring any type of significant USDA report rally, corn basis feels like it will start firming up toward the end…

The cattle markets turned in a choppy performance on Wednesday, opening higher and then crashing lower, before rallying sharply after the 1:00 CST close. Officially, the markets finished with mixed results in the fats (lower in the nearby contracts and higher in the deferreds) and solid ~$1 gains in the feeders; however, that does not…

The wheat market ended 2014 faced with strong technical weakness and potential for continued downside. The complex closed 5 – 12 cents lower for March contracts on Wednesday ahead of the New Year’s Day break. Weekly U.S. export sales were shown at 354 TMT, including 131 TMT HRW and 124 TMT HRS. Russia’s IKAR reported…

The soybeans finished near the lows during Wednesday’s session, and as technical indicators begin to turn negative, we can look for additional weakness this morning. However, the 65- and the 100-day MA are crossing which could lend support to the market at the $10.10 level. South American weather continues to bring plenty of rainfall supporting…

The March contract was under pressure on Wednesday and fell through $4.00 after a break in the grain complex as a whole. Nearby values were rangebound for most of December trading within $3.90 to $4.15 range. After some technical pressure Wednesday, it looks as though that trend should continue. March values closed past the 30-day…

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