why are grain markets down today

why are grain markets down today插图

Large fund selling and a potential change in the weather forecastputs pressure on the grain markets today. On Monday and again today, global vegetable oil and wheat futures moved sharply lower, and the lower soybean oil and wheat prices today put pressure on the corn and soybean markets as well.

What happened to the grain market?

The grain markets collapsed on sharply lower vegetable oil prices and massive fund liquidation in the stock, energy, and grain markets. July corn closed 18 cents lower at $7.36. December corn closed down 29 cents at $5.78. July soybean futures closed down 51 cents at $15.75, while the November contract closed 79 cents lower.

What is going on with the corn and soybean markets?

On Monday and again today, global vegetable oil and wheat futures moved sharply lower, and the lower soybean oil and wheat prices today put pressure on the corn and soybean markets as well. July corn had a 26 cent trading range and closed 24 cents lower today at $7.60 . December corn closed down 29 cents at $7.01 .

Where can I find grain market commentary videos?

Expert grain market commentary videos provided exclusively by The Andersons, Inc. Our grain market commentary focuses primarily on these commodities: corn, soybeans, and wheat. Morning and Afternoon videos are updated daily at 8:00 and 4:00 EST, respectively. USDA videos are produced monthly the day of the USDA report.

What happened to wheat prices in December?

December KC wheat closed down 8 1/2 cents at $8.93 and December Minneapolis was down 1 3/4 cents at $8.98 1/4, all three U.S. wheats continuing to chop up and down in the same narrow, sideways trading ranges they’ve been stuck in the past seven weeks.

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