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

Corn Markets

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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.


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Soybean Futures Technical Levels:

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