Wheat futures market inverts post-WASDE release

On Thursday, Jul. 11, Jul-19 wheat futures rose 4.8 percent to a six-week high of $5.36 following the June WASDE release. This price is higher than both the Sep-19 and Dec-19 futures contracts, at $5.21 and $5.32, respectively. Jul-19 contract prices rose in reaction [...]

U.S. & China may resume trade talks, soybeans rally

Soybean futures rallied almost 29 cents on Tuesday on reports that China and the U.S. may resume talks. This occurred just ahead of the end of the comment period on an additional $16 billion in U.S. tariffs on Chinese goods.  U.S. Treasury Secretary Mnuchin [...]

Trade & the wider picture for commodity futures

With trade uncertainties mounting, benchmark grain futures have lost ground this month: August soybeans down nearly 15 percent, September wheat down more than 6 percent, and September corn down just shy of 10 percent. Unsurprisingly, soft commodities overall have trended lower. Crude oil, however, [...]