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Grains Pressured by Higher Dollar

March 04, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains moved lower with corn down 1 ½ cents, soybeans down 8 ¼ cents and wheat down 5 ½ cents. Minneapolis wheat is down 4 ½ this morning after a 15 cent gain in yesterday’s session. The cash market is firming for spring wheat in Portland which saw basis rise 20 cents yesterday. Spot basis is now at +293 off the May contract which is well above the three year average basis of +201.   

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