Bullish Momentum Continues

January 25th, 2018


Category: Grains, Oilseeds

(AgFax) –  March corn was fractionally higher, March soybeans were 2 cents higher, and March Chicago (SRW) wheat was 1 cent higher.

Grain and oilseed markets were able to keep Wednesday’s bullish momentum going overnight, with contracts nearly across the board showing green early Thursday. The exceptions were canola and Malaysian palm oil, and these could possibly pull Chicago bean oil lower before the overnight session ends.

Support continues to come from a weakening U.S. dollar. DJIA futures were higher, again, as the bullish stock market train just keeps climbing the hill. Other commodity sectors were also higher with solid gains seen in metals, energies, and softs.



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