May 04, 2015 | Grain Hedge Insights | Cody Bills | Views: 73

Crop Progress Update

Cody focuses on the planting progress for corn and soybeans as well as the winter wheat conditions report.

May 04, 2015 | Grain Hedge Insights | Cody Bills | Views: 74

Market Awaits Crop Progress

The grains were mixed on Monday with corn and wheat cupping over on lows printed over the last two weeks

Market Awaits Crop Progress

The market is anticipating the crop progress report out which will show the planting progress over the last week and give us an update on the condition of the winter wheat crop. The winter wheat crop rating has held steady at 42% good to excellent over the last two weeks after recent...

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May 01, 2015 | Grain Hedge Insights | Cody Bills | Views: 128
May 01, 2015 | Grain Hedge Insights | Cody Bills | Views: 121

Weekly Cash Comments

Cash Commentary for week ending 01 May

Corn continued to find selling pressure in the futures market this week giving up 8 cents a bushel, while soybeans were unchanged for the week. For cash markets, corn basis posted a modest 1-cent advance on average across the US while soybeans were unchanged on the week.

May 01, 2015 | Grain Hedge Insights | Cody Bills | Views: 125

Grains Mixed Headed into Friday

The grains were mixed going into Friday's trade session with more strikes at Argentina ports stalling export activity.

In the overnight session the grains are mostly steady with corn down 1/4 of a penny, soybeans off a half penny and wheat up 1 1/4 cents. The U.S. dollar is up a fraction of a percent and crude oil has fallen 18 cents.

 

Yesterday, the Buenos Aires grain exchange reported an increase in...

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April 30, 2015 | Grain Hedge Insights | Cody Bills | Views: 139
April 30, 2015 | Grain Hedge Insights | Cody Bills | Views: 84

Surprising Export Sales

This morning export sales surprised analyst expectations with wheat seeing significant old crop cancellations and soybeans booking over 400,000 metric tons of old crop sales.

In the overnight session the grains moved higher with corn up 1 1/2 cents, soybeans up 6 1/2 cents and wheat up 3 1/4 cents going into this morning’s pause in trade. The dollar index was trading lower most of the night, but has found some buying support underneath the 100 day moving average...

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April 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 141
April 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 169

Dollar Sinks on Weak U.S. GDP

The grains are trading slightly higher, lifted by a falling dollar after GDP numbers disappointed traders this morning.

In the overnight session corn was up 2 1/2 cents, soybeans up 1/4 of a cent and wheat increased 3 1/2 cents. A reportable sale was announced yesterday with 390,000 metric tons of new crop soybeans sold to unknown destinations. This morning another reportable sale was announced for 130,000...

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April 28, 2015 | Grain Hedge Insights | Cody Bills | Views: 135

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Soybeans Pop in the Overnight

April 28, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains were mixed with corn up 1 1/2 cents, soybeans up 9 1/4 cents and wheat down 2 1/4 cents. First notice day for May grain contracts is Thursday the 30th. Be sure to either liquidate or roll those may contracts by the close of trade on Wednesday.

 

July...

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Grains Pressured on Monday Morning

April 27, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains traded lower with corn down 2 1/4 cents, soybeans up 1/2 a cent and wheat down 2 cents going into the morning pause in trade. Crude oil is down 28 cents and the U.S. dollar is trading a fraction of a percent higher. Exporters reported 158,000 metric tons...

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Weekly Cash Comments

April 24, 2015 | Grain Hedge Insights | Cody Bills

Grain basis levels were modestly higher this week with both corn and soybeans posting an anemic 1-cent a bushel gain on average across the US this week.

 

In corn, it was a quiet week for export basis with the Gulf basis unchanged. River terminals found only modest strength with barge...

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Strong Export Sales Lift Grains

April 23, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session corn, soybeans and wheat are trading higher with corn up 1 cent, soybeans up 4 3/4 cents and wheat up 3 1/2 cents. The dollar is trading down nearly 1/4 of a percent and crude oil is up 56 cents a barrel.  

 

Export sales were very positive today for the grains...

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