There are times when the market will complete a 78.6% retracement to a 78.6% retracement the other way as the Soybeans just did, or it can make a move of one major Gann square to another like it did in Corn and sometimes it's the "One Thing" you have to watch out for that happened in Wheat.

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PHOENIX Shipping Point Prices as of 08-DEC-2023 Provided by: Specialty Crops Market News Federal - State Market News...

PHOENIX Shipping Point Prices as of 08-DEC-2023 Provided by: Specialty Crops Market News Federal - State Market News...

The Friday soybean trade settled with prices 4 to 7 ¾ cents in the red. The Jan contract spiked below the $13 round number after the report, but futures closed back above the mark. Jan beans printed a wide 31 ¾ cent range on the day, and finished out the...

Cotton futures closed Friday ~20 points off their lows, but still 58 to 115 points in the red. The March contract printed a 200 point range from -147 to +54 points. The March contract completed the week with a net 2 cent gain. Daily futures trading limits will expand to...

Live cattle limited the week’s draw down with a triple digit gain of as much as 2% on Friday. Feb fats were up by $3.20 for the day, but still down by $3.40 for the week. There have been no Dec cattle deliveries issued yet, the Friday board rally now...

Corn finished the last trade day of the week with fractional to 2 ½ cent losses across the front months. That left the March contract at just a ¾ cent gain for the week’s trade. USDA did not adjust the cash average price, still at $4.85. USDA’s weekly Ethanol report...

Lean hog futures finished the last trade day of the week with $0.87 to $1.52 gains. For Feb, that only reduced the week’s loss to $1.12. The National Average Base Hog price for Friday afternoon was 17 cents higher at $51.88. The price in the ECB was shown at $52.51,...

After a week of buying into the data release and seeing a mostly bull-friendly update, wheat futures pulled back into the weekend. Chicago futures went home 9 to 11 cents in the red, but still 29 cents above last Friday’s close. KC HRW futures settled with 3 to 6 ½...

A crop consultant says there are different opportunities available for farmers to generate income from carbon programs. Mitchell Hora is a 7th generation southeast Iowa farmer and consultant who encourages farmers to explore the ways regenerative farming and a low carbon intensity score can improve the farm’s bottom line.  Hora...

Short- covering rally to end week

Illinois farmers want carbon pipeline moratorium, eminent domain protection

MIAMI Shipping Point Prices as of 08-DEC-2023 Provided by: Specialty Crops Market News Federal - State Market News...