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Dollar Rallies in the Overnight

March 06, 2015 | Grain Hedge Insights | Cody Bills

The grains traded lower in the overnight session with corn down 3 ¼ cents, soybeans down 2 cents and wheat in Chicago up ¼ of a penny. The U.S. Dollar is trading sharply higher to 97.395 after breaking above the previous resistance of 95.85 set on January 26th. The market will be focusing on the...

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Export sales see weekly improvement

March 05, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains are mixed with corn up ¼ of a cent, soybeans are up 3 ½ cents and wheat is trading down ¾ of a cent. This morning it was announced that 108,000 metric tons of sorghum was sold to unknown destinations for 15/16 marketing year. The US dollar index is slightly higher in the overnight as well as the Euro fell to its lowest level in nearly 11 years. Traders are watching the European Central Bank for an announcement on details of its bond buying program.... [Read More]