S&P 500
2557.64
+4.47 +0.17%
Dow Indu
22956.96
+85.24 +0.37%
Nasdaq
6623.97
+18.17 +0.27%
Crude Oil
52.47
+0.33 +0.63%
Gold
1290.035
-3.140 -0.24%
Euro
1.176665
-0.001200 -0.10%
US Dollar
93.491
+0.217 +0.23%
Strong

Market Commentary

Currencies | Energy | Food | Grains | Indexes | Interest | Livestock | Metals

INO.com’s Daily Market Analysis

It’s free, informative, and will help you prepare and plan for the next trading day, while getting a jump on changing market conditions.

Privacy Policy

GRAINS 

GRAINS: December corn futures closed down 2 1/4 cents at $3.50 1/2 today. Prices closed near the session low. Last week's price action produced a bullish “key reversal” up on the daily bar chart, which is a clue the market has put in a bottom. But right now the corn bears still have the overall near-term technical advantage.

November soybeans closed down 9 cents at $9.91 1/4 a bushel today. Prices closed nearer the session low on profit taking after hitting a 2.5-month high on Friday. The bean bulls have the overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart.

December soybean meal closed down $3.90 at $324.70 today. Prices closed nearer the session low on profit taking after hitting a 2.5-month high on Friday. The meal bulls have the overall near-term technical advantage.

December bean oil closed down 8 points at 33.61 cents today. Prices closed nearer the session low. The bears have the overall near-term technical advantage.

December Chicago SRW wheat closed down 2 3/4 cents at $4.36 3/4 today. Prices closed nearer the session today. The bears still have the solid overall near-term technical advantage.

December HRW wheat closed down 3 1/4 cents at $4.33 today. Prices closed nearer the session low today. The bears have the firm overall near-term technical advantage.

© Copyright INO.com, Inc. All Rights Reserved.