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Grains Pause in the Overnight

July 01, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session we have pulled back a bit with corn down 7 cents, soybeans down 5 1/2 cents and wheat down 17 cents this morning. The U.S. dollar is trading higher by a half a percent and crude oil is down 79 cents this morning.

 

Yesterday’s quarterly grain stocks and planted acreage reports pushed the market sharply higher within sight of some important chart resistance levels.  September corn resistance is at $4.30 where the market closed back on December 29th.  September wheat...

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