What are the current grain prices?
Market Commodity Prices
| Commodity | Last | Low |
|---|---|---|
| Corn | 652-4 | 651-6 |
| Corn Mar22 | 652-4 | 651-6 |
| Dec22 | 595-2 | 594-4 |
| Soybean | 1564.500 | 1561.500 |
What is driving the grain markets?
USDA’s June World Agricultural Supply and Demand Estimates (WASDE) amplified the major themes driving the corn market: Demand is strong, supplies are questionable. Currently three factors are influencing the corn market, says Ben Brown, University of Missouri agricultural policy and markets analyst.
Who are the grains in the market?
Soybean oil is a unique grain product because it is also essential to the biodiesel industry. Grain marketing and trading happen extensively through futures contracts….Market Fundamentals
- Corn.
- Oats.
- Wheat.
- Soybeans.
- Rice.
- Soybean Meal.
- Soybean Oil.
What are grain futures?
A grain futures contract is a legally binding agreement for the delivery of grain in the future at an agreed-upon price. The contracts are standardized by a futures exchange as to quantity, quality, time, and place of delivery.
Will grain prices go up?
Analysts project that grain prices in 2022 will back off, as global supplies catch up to demand. Prices have eased since reaching highs in May but remain at levels unseen in eight years.
Why is corn going up so much?
Corn prices rise on tightening supplies D., AgriLife Extension grain economist, Bryan-College Station, said the market is highly speculative at this point due to a range of factors that boil down to tight supplies and high demand currently and uncertainty about domestic and foreign production this growing season.
How do you read a grain market?
How to read grain prices: a quick reference guide
- Cash price = futures + basis +/- premium and discounts.
- Last: The last or most current trade price.
- Change: The difference between current price and previous settlement price.
- Open: Opening price for today.
- High: The highest trading price for today.
How do I buy grain stocks?
ETF shares can be purchased through your regular brokerage account. Open and fund an account with a commodity futures broker registered with the National Futures Association to trade grain futures. Discuss your trading goals with a broker representative.
How do I invest in grain futures?
How high will soybeans go in 2021?
The November USDA World Agricultural Supply and Demand Estimates (WASDE) report pegs the season-average soybean price forecast for 2021/22 is $12.10 per bushel. The price forecast went unchanged in the December report. Irwin tells farmers to anticipate lower prices further into the new year.
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What does the March futures contract indicate about corn prices?
The March contract is priced 3/4 cent above the May contract, a bullish indication of demand for corn. SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October. PRICE PROBABILITY: The active futures contract (Mar) increased to the 80th percentile, a moderately…
Is the cotton market trading higher Thursday?
The cotton market is trading higher Thursday, somewhat in sympathy with positive outside markets. March soybeans are up 9 cents, March canola is up $4.80/mt, March corn is up 1 cent, March SRW wheat is down 1/4 cent, March HRW is up 1/2 cent and March HRS is up 3 1/2 cents.
What is the outlook for corn in March?
COMMERCIAL OUTLOOK: Commercials continue to favor the short and mostly likely hedged side of the market as of Feb. 8. The March contract is priced 3/4 cent above the May contract, a bullish indication of demand for corn. SEASONAL INDEX: Corn prices tend to peak in early June and bottom in early October.