Conditions Improve for Soybeans

August 04, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains traded higher with corn up 3 1/4 cents, soybeans up 10 1/2 cents and wheat up 3 3/4 cents. The U.S. dollar is down .20 percent this morning with crude oil up 88 cents. Corn and soybeans seemed to find some buying support during yesterday’s session with both grains closing the day in the top half of the day’s trading range. Soybeans had the most dramatic price bar of the day, printing a doji near support indicating a possible change in trend.

[Read More]