April 20, 2015 | Cody Bills | Views: 240
April 20, 2015 | Grain Hedge Insights | Cody Bills | Views: 46

China Reserve Rates Support Soybeans

China lowered reserve rates at their banks helping to boost liquidity and support a sputtering economy.

In the overnight session corn is down 1 3/4 cents, soybeans are up 4 1/2 cents and wheat in Chicago is up 1 1/2 cents. The U.S dollar is trading nearly .5 percent higher this morning with crude oil down .75 percent. Over the weekend china’s central bank cut the reserve requirement by 100...

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April 17, 2015 | Grain Hedge Insights | Cody Bills | Views: 146

Weekly Wrap Up

Cody reviews this week's prices and basis changes and looks at the long term change in barge rates.

April 17, 2015 | Grain Hedge Insights | Cody Bills | Views: 152

Weekly Cash Comments

Weekly Cash Commentary for week ending April 17

Grain basis levels continued to stagnate this week with both corn and beans each posting less than a 1-cent improvement on the week.

 

In corn, the biggest movement occurred at the Gulf where export bids were up 3 cents a bushel on nearby basis, but river terminals as a group posted only a...

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April 17, 2015 | Grain Hedge Insights | Cody Bills | Views: 127

Wheat Prices under Pressure

Wheat prices have come under pressure from increased precipitation throughout the plains, weak export sales and the possibility Russian export taxes being lifted after July 1st.

In the overnight session corn is down 3/4 of a penny, soybeans are up a cent and wheat is up 3 1/4 cents. The dollar is trading slightly higher this morning, now hovering at 97.640 while crude oil is trading down nearly a percent after news that OPEC’s production in March added to the...

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April 16, 2015 | Grain Hedge Insights | Cody Bills | Views: 172

Grains to Trade Higher?

Cody speculates where corn, soybean, and wheat prices will go and reviews the export sales report.

April 16, 2015 | Grain Hedge Insights | Cody Bills | Views: 123

Soybean Sales Beat Expectations

Export sales showed a stark contrast between wheat and soybeans this morning. Can yesterday’s NOPA crush numbers and this week’s export sales help propel soybeans higher into Friday?

In the overnight session corn and soybeans traded a relatively wide range but went into the morning pause mostly unchanged. Wheat increased 3 1/4 cents in the overnight and the U.S. dollar index continued its slide for the third straight day. Crude oil is also trading lower this morning off...

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April 15, 2015 | Grain Hedge Insights | Cody Bills | Views: 254
April 15, 2015 | Grain Hedge Insights | Cody Bills | Views: 175

Soy Market Focused on NOPA Crush

The soybean market will be watching the NOPA crush numbers this morning with expectations for a record March soybean crush.

In the overnight session the grains were mixed again with corn down 2 cents, soybeans up 1 3/4 cents and wheat in Chicago up 3 cents. The NOPA crush numbers will be released at 11 AM CST this morning which is expected to show a record amount of soybeans crushed for the month of March....

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April 14, 2015 | Grain Hedge Insights | Cody Bills | Views: 170

Wheat Continues to Trade Lower

Cody looks at the factors driving wheat prices lower and gives his opinion on whether soybeans will break their sell-off pattern.

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Weekly Cash Comments

April 10, 2015 | Grain Hedge Insights | Cody Bills

Grain basis levels were only modestly stronger this week across the country with US average corn and soybean basis up about a half a cent from last week.

 

In corn, strength in the Gulf export market helped push bids higher along river terminals. Average bids were up 2 cents a bushel this...

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Can Grains Rebound on Friday?

April 10, 2015 | Grain Hedge Insights | Cody Bills

The grains were steady and mostly unchanged in the overnight with corn up 1/4 cent, soybeans up 1/2 a cent and wheat down 3/4 of a penny. The dollar is trading higher and crude oil is mostly unchanged this morning. Yesterday the April USDA supply and demand report was released which seemed...

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Soybean Export Sales Disappoint

April 09, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains traded lower with corn down 1 1/2 cents, soybeans down 5 1/2 cents and wheat down 4 cents going into this morning’s pause in trade. Keep a close watch on the WASDE report which will be released at 11 CST.

 

Export sales were released this morning which...

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