March corn contracts were near the key support of $3.60 per bushel on February 23. The fall in corn prices should keep it in the projected development range.
On February 23, 2016, corn futures fell by 1.5%. Corn prices fell sharply due to stronger-than-anticipated corn supply cues from South America.
While all subgroups within the financial sector generated positive returns last week, banks gained the most.
Smaller-capped stocks, those under a market capitalization of $10 billion, outperformed large-capped stocks last week with returns of 8.9%.
Weakness in the financial sector is evident all over the world. Fourth quarter bank earnings have been dismal, and a low margin outlook along with falling commodity prices have led to further worries.
Wheat prices, for March expiry, were trading near the support of $4.60 per bushel on February 22. Prices continued to trade in the range-bound anticipations.
Wheat futures prices were impacted negatively due to favorable weather conditions for wheat production. This supported the supply function.
March soybean prices were trading near the crucial support of $8.80 per bushel on February 22, 2016. The prices continued to remain in the upward channel.
Soybean futures prices received support from the weaker weather forecast for South American. This could support US soybean exports in the near term.
Corn prices, for March delivery, were near the support level of $3.65 per bushel on February 22, 2016. Prices traded above the 50-day moving average.
Corn futures trading on the CBOT, for March delivery, rose on February 22, 2016. Corn prices rose due to unfavorable weather conditions in South America.
March corn prices on the Chicago Board of Trade (or CBOT) fell on February 18, 2016, and were trading near the key support level of 365 cents per bushel.
March soybean prices on CBOT (Chicago Board of Trade) were trading near the support level of 880 cents per bushel with the decline in prices on February 18, 2016.
Soybean futures contracts on CBOT (Chicago Board of Trade) for March expiry slipped by 0.31% and settled at $8.79 per bushel on February 18, 2016.
Wheat March futures on CBOT (Chicago Board of Trade) dropped by 1.3% to close at $4.62 per bushel on February 18, 2016.
After a drop on February 18, 2016, March wheat prices were trading near the key support of 460 cents per bushel.
Corn futures on the Chicago Board of Trade (or CBOT) for March delivery fell by 0.48% and settled at $3.65 per bushel on February 18, 2016.
March wheat prices rose on February 17, 2016. They traded near the critical support level of $4.70 per bushel above the rangebound anticipations.
March wheat futures on the CBOT rose by 0.92% and closed at $4.68 per bushel on February 17. Wheat futures prices rose despite Egyptian contamination issues.
March soybean futures prices rose slightly on February 17, 2016. They traded near the crucial support level of $8.85 per bushel.