January 30, 2015 | Grain Hedge Insights | Cody Bills | Views: 55

Can wheat extend bounce off $5.00?

Wheat prices bounced off $5.00 per bushel on Thursday as export sales began to pick up pace from previous weeks and prices become oversold. Can they continue their rally in Friday’s session?

In the overnight session corn is trading ¾ of a penny lower with soybeans unchanged and a 2 cent increase in wheat. Wheat prices found support yesterday after touching $5.00 ¾ briefly during the session. Wheat seems oversold at these levels after falling sharply from the $6.77 high on...

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January 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 86
January 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 114

Soybean Sales Bounce Back

Soybean sales beat analyst expectations and sharply bounced back from the dismal level announced last week. Can this help soybeans rally this morning?

In the overnight session corn is trading down 2 ¼ cents, soybeans are trading 3 ¾ cents higher and wheat is down 2 ¼ cents. This morning a reportable sale of 116,000 metric tons of sorghum was announced to unknown destinations with 58,000 metric tons for delivery in 14/15 marketing year and...

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January 28, 2015 | Grain Hedge Insights | Cody Bills | Views: 142

Strong Ethanol Stocks

Even with the highest ethanol stock on record, corn traded lower. Tune in to hear Cody discuss the reason for the lower trade numbers.

January 28, 2015 | Grain Hedge Insights | Cody Bills | Views: 149

Will Brazil transportation logistics lift U.S. soybean exports

Brazil’s harvest is beginning and already there’s negative news hitting the market about transportation. Could logistics problems lead to more U.S soybean sales in the second half of the marketing year?

The grains are all trading lower this morning with corn down 2, soybeans down 4 cents and wheat down 4 cents. Yesterday, mixed export news hit the market early with a 120,000 metric ton cancellation of soybeans to China followed by an announcement of a new sale that included 111,000 metric...

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January 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 191

Soybeans Down Again

Soybeans lost much of Monday's traction, Cody and Kevin look at why prices faded.

Soybeans Down Again

Soybeans lost much of Monday's traction, Cody and Kevin look at why prices faded.

January 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 139

Can Soybeans Continue Yesterday’s Move?

Strong export inspections and concerns about the northern growing region of Brazil had soybeans move higher yesterday.

In the overnight session corn soybeans and wheat were mostly unchanged to slightly higher. Yesterday’s export inspections were positive for corn and soybeans which both beat analyst expectations. Soybeans recorded 1.5 million metric tons inspected for export which beat the high side of...

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January 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 177

Why Did Soybeans Outperform Today?

Tune into GrainTV and hear Kevin and Cody discuss why they feel soybean was the only grain to move substantially higher. Also, listen to Kevin discuss what he thinks it will take for wheat to find a bottom.

January 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 125

Corn and Soybeans Begin Week Lower

Corn and soybeans start off their week lower on technical selling.

In the overnight corn is trading 2 3/4 pennies lower, soybeans is down 2 3/4 cents and wheat is up 1/2 a penny after closing last week near one month lows. This weekend the Korea Feed association purchased 110,000 metric tons of corn from optional origin. 

January 23, 2015 | Grain Hedge Insights | Cody Bills | Views: 180

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Weekly Cash Comments

January 23, 2015 | Grain Hedge Insights | Cody Bills

Soybean futures continued to erode this week giving up 14 cents a bushel while corn found modest strength in a 3 cent advance. In the cash market, basis movements were fairly muted this week with US average corn basis gaining 1 cent a bushel while soybeans added 2 cents to the US average...

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Huge Corn Sales Surprise the Market

January 23, 2015 | Grain Hedge Insights | Cody Bills

In the overnight, soybeans and wheat traded lower slipping 5 ¾ and 5 ¾ cents respectively, while corn stayed mostly unchanged increasing by ¼ cent. The export sales report was very supportive for corn, neutral for wheat and bearish for soybeans which missed analyst expectations by a...

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Wheat Jumps in Early Morning

January 21, 2015 | Grain Hedge Insights | Cody Bills

Grains are mixed in the overnight session with corn down ¾ of a cent, soybeans up 1 ½ cents and wheat up 7 cents after a sharp selloff over the last 20 days helped U.S. wheat gain some competitiveness on the global market. Also helping wheat is the accusations out of Kiev that Ukrainian...

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Another Chinese Soybean Cancellation

January 20, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains traded lower with soybeans leading to the downside by 8 ¼ cents by the morning pause. Corn slipped 3 ½ cents and wheat slid 1 ½ cents on Tuesday morning. Soybeans are now trading below key support at $9.91 as higher than expected ending stocks coupled...

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Weekly Cash Comments

January 16, 2015 | Grain Hedge Insights | Cody Bills

Grain futures fell sharply this week following the release of USDA’s revised supply and demand data. As a result, corn futures were off 14 cents, while front-month Mar soybean futures plummeted 57 cents. In the cash market, basis improved on average by 2 cents for soybeans and 3 cents for...

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