Weekly Cash Comments
Weekly Cash Commentary for week ending October 9th
Grain basis was unchanged this week for both corn and soybeans as flat futures prices and slow farmer selling during harvest keep the markets mostly in check.
Grains Recovered some losses in the Overnight
Grain markets are looking for a slight drop in corn and soybean production from USDA this morning
Grains recovered some of their losses overnight as traders await the latest USDA crop supply and demand forecasts released later this morning at 11 am CDT. In outside markets, crude oil rallied above the pivotal $50 a barrel mark for the first time since July, while S&P futures were up...[Read More]
Corn Exports Lagging Behind
Kevin looks at few options producers have to make it through the upcoming months.
Grains were Mixed in the Overnight
Grains should mostly mark time in the coming two sessions with USDA slated to announce their latest supply and demand estimates on Friday, October 9 at 11 am CDT.
Grains were mixed overnight with soybeans a leader to the downside on a 4-cent loss while corn gave up 1 cent. Chicago wheat was trying to hold on to a 1-cent advance. In outside markets, crude oil was up $0.40 a barrel while the S&P 500 slipped 0.40 percent.
Grains should mostly mark...[Read More]
Lower Expectations for the Upcoming WASDE
Cody reviews expectations for a few of the big reports coming up.
Grains Nearing Resistance
The grains are nearing resistance in the charts. Can corn and wheat continue marching higher?
The grains are moving higher with corn up 3/4 of a cent, soybeans up 6 cents and wheat up 3 1/2 cents this morning. The outside markets are mostly supportive with the dollar unchanged, the E-MINI S&P up .61 percent and crude oil up 48 cents this morning.
Wheat Continues to Grind Higher
Cody looks at whats causing wheat to move higher and whether the gains can be sustained.
Corn Looks to Move over $4
Corn prices look to move over $4 as prices break from consolidation at the 100 day moving average.
In the overnight session the grains traded a bit higher with corn up 1 3/4 cents soybeans down 1/2 a cent and wheat up 4 1/2 cents. The outside markets are mixed with the U.S dollar trading .22 percent lower, E-Mini S&P futures .1 percent lower and crude oil up 41 cents this morning. On...[Read More]
Export Inspections Lend Strength to Soybeans
Cody breaks down world news, technicals, and weather to see if prices can continue to increase.
Grains Higher Monday Morning
In the overnight session the grains traded higher with corn up 1/2 a cent, soybeans up 3 3/4 cents and wheat up 3 cents. The outside markets are mostly supportive with the U.S. dollar lower by a fraction of a percent, the S&P trading marginally higher and crude oil up 56 cents this morning....[Read More]
Can Wheat Continue Its Upward Trend?[Read More]
Markets Weaker on Supply Woes
Grains were modestly lower in the night trade with corn and soybeans off 2 cents a bushel, and wheat down 3. In other markets, S&P futures were up 0.4% while crude oil was up 1%.[Read More]
Beans Turn Sharply Lower[Read More]
Grains Mixed in the Overnight
Grains were mixed overnight with wheat up 3 and soybeans up 2, but corn traded fractionally lower[Read More]
Quarterly Grain Stocks Overshadowed by New Crop[Read More]
Traders Eye Quarterly Stocks
In the overnight session, the grains traded higher with corn up 3/4 of a cent, soybeans up 3 cents and wheat up 1 cent. Soybeans are trading just a few cents below the $8.90 which has held back four attempts to move higher since August 24th. After so many failed attempts, I would be...[Read More]
Quarterly Grain Stock Expectations[Read More]
Corn Harvest Behind Expectations
In the overnight session, the grains are mostly unchanged with corn down 1 cent, soybeans up 3/4 of a cent and wheat trading down 4 cents. The U.S. dollar increased a fraction of a percent in the overnight and crude oil jumped 73 cents after selling off during yesterday’s session. The...[Read More]