End-of-Year Position Squaring Drives Wheat Rally
Wheat futures rose sharply on Wednesday on short-covering ahead of the long holiday weekend. The rally left the benchmark Chicago contract (March contract +22 1/4 cents per bushel) at a life-of-contract high, while the benchmark Kansas City contract rose (March contract +16 1/4 cents) to its highest price for 2020 but settled about 30 cents below its life-of-contract high. In the Minneapolis benchmark contract, gains (March contract +15 3/4 cents) left it at its highest price since January and about 20 cents below its life-of-contract high. All three contracts settled at or above their upper Bollinger bands, suggesting the potential for short-term weakness.
Corn futures rose for the 13th consecutive day, with the benchmark contract gaining nearly two percent (March contract +8 1/2 cents per bushel). News that…
02.21.2025
US animal fats and oils markets finish week strong; broader uncertainty persists
The US animal fats and oils markets ended Friday February 21 on a relatively quiet note, though broader market developments throughout the week have added ongoing uncertainty to the...
02.21.2025
Sausage casings bulletin, February 21, 2025
Runner market commentary
Table 1
02.21.2025
US weekly net soybean meal exports, sales retreat again
In the week to February 13, US net soybean meal and soybean cake sales and exports continued to decline but were above most analysts' estimates, data released by the...