Soybean Futures Above $9, Weather Grain Markets

June 17, 2019 04:00 PM
Soybean futures up 13 cents per bushel
Corn futures quiet, up 1.5 cents per bushel
Wheat trade quiet
Corn Markets

[node:field_image:alt]

To receive Futures Magazine daily newsletter in your inbox, please sign up at our Email Center. You can also follow us on Twitter @futurestrademag

 

What’s Happening in Grain Markets:

Soybeans higher on heavy rains that are stalling planting. We traded above the $9 per bushel level which was a resistance level and now will be a support level. Soybean futures are currently trading at $9.10 per bushel.

Corn was steady to firm trading up 1.5 cents to $454.5 per bushel. Estimates that 10% of corn crop will not be planted this year.

Wheat was quiet closing at $5.39 per bushel in July futures contract . 

The grain markets ar being influences by unseasonable weather that we have not seen in decades.
 

 

Commodity Prices by TradingView

Soybean Futures Technical Levels:

Technical Analysis & Charts & Calendar by TradingView

 

Soybean Futures Chart:

 

Economic Calendar:

Have questions, feedback or comments? Contact feedback@futuresmag.com

About the Author

Futures Magazine is a premier resource for trading insights and trade ideas. The magazine publishes articles daily on stocks, futures , commodities, options, forex and crypto.