Can Soybeans Rebound Higher?
Export sales, a rebound in the Chinese stock market and positive U.S. news helped lift soybeans early Thursday morning.
In the overnight session the grains are trading higher with soybeans leading the charge up 14 1/2 cents, corn up 1 1/2 cents and wheat up 3/4 of a penny. The U.S. dollar index is trading 1/2 a percent higher and crude oil is up $1.33. This morning exporters sold 130,000 metric tons of new...[Read More]
More Weakness in Chinese Demand?
As China's economic strength fades Cody looks at whether or not current demand for soybeans will be able to be sustained.
Global Markets Try to Rebound
Global markets will be a major influence on the grains as markets try to rebound after hard selling early on this week.
In the overnight session the grains traded lower with corn up 1 cent, soybeans unchanged and wheat up 1 1/4 cents this morning. The U.S. dollar is trading up .38 percent and crude oil is 34 cents higher this morning. This morning the U.S. stock market is expected to open higher after a rally...[Read More]
Selling Pressure Starting to Spur Export Sales
Cody reviews soybean and corn technicals and looks at the upcoming weather.
China Lowers Rates to Support Sliding Markets
China made a move to lower interest rates in an attempt to turn around a sliding market.
In the overnight session the grains are trading higher with corn up 5 cents, soybeans up 14 1/4 cents and wheat up 6 1/4 cents. The U.S. dollar is trading .76 percent higher and crude oil is up $1.17. After experiencing another sharp day of selling, China announced they were cutting interest...[Read More]
Global Markets Impact U.S. Grains
Cody breaks down the continued downtrend for soybeans and looks at positive crop progress numbers.
Macro Selling Pressures Corn Lower
The grains couldn't escape the selling that has left the Shanghai index down 8.49 percent at the close.
In the overnight session, the grains are trading sharply lower with corn down 10 cents, soybeans down 31 1/4 cents and wheat down 8 1/2 cents today. The U.S. dollar index is trading down 1.26 percent and crude oil is trading down $1.57 at $38.875 per barrel. This morning a global sell-off is...[Read More]
Soybean Prices Continue to Slide
Cody looks at why soybeans are continuing to slide and reviews the crop tour.
Weekly Cash Comments
Cash Commentary for week ending 21 August 2015
Divergence was the game this week, as corn and soybean prices continued to move in opposing directions. Corn managed a 7 cent advance in futures while cash basis levels were firmer by 1 cent a bushel, but beans couldn’t shake their negative fundamentals giving up 9 cents on the board and 4...[Read More]
Will Pro Farmer Yield Estimates Lift Corn?
In the overnight session the grains were mostly mixed with corn showing relative strength with a 3/4 cent gain. Soybeans slipped 5 1/4 cents lower and wheat fell another 4 cents. The U.S. dollar is trading down .6 percent and crude oil is off 41 cents. Pro Farmer will release its U.S. yield...[Read More]
Can Strong Export Sales Lift the Market?
In the overnight session the grains traded mixed with December Corn up 2 1/2 cents, soybeans down 1 cent and wheat in Chicago up 4 cents. The U.S dollar is down .12 percent and crude oil is mostly unchanged.
Pro Farmer went through Iowa and Illinois on Wednesday and reported at the end...[Read More]
Grains Modestly Higher in Night Trade
Grains were modestly higher in night trade with corn and beans posting slightly better than a 1-cent advance, while wheat in Chicago and Kansas City was unchanged.
In soybeans, new-crop month November futures fell below the pivotal $9 mark in the night session reaching a low of $8.98,...[Read More]
Crop Tour Numbers Rolling In[Read More]
Can Pro Farmer Findings Lift Corn?
In the overnight session the grains were mixed with corn unchanged, soybeans down 7 cents and wheat down ¾ of a cent. The U.S. dollar is trading .1% higher this morning and crude oil has slid 8 cents.The Pro Farmer results from day 1 showed strong South Dakota production with an estimated...[Read More]
Traders Eye NOPA Crush
In the overnight session the grains moved higher with corn up 2 ¾ cents, soybeans up 2 ½ cents and wheat up 1 ¼ cents this morning. The U.S. dollar is relatively quiet but the Russian Rouble touched a 6 month low against the dollar today and crude oil is down 65 cents this morning. This...[Read More]
August 14th, 2015[Read More]
Weekly Cash Comments
USDA delivered a blow to grain markets this week with significantly higher production and yields than expected. Not only did futures markets plummet on the key news, but basis levels were moving lower following the report. US soybean basis was off 2 cents while corn basis was 1 cent lower.... [Read More]
Grain Bounce Stops in the Overnight
The grains rebound from the lows printed on Wednesday came to a halt last night and reversed with corn down 3 1/4 cents, soybeans down 11 cents and wheat down 2 3/4 cents. The U.S. dollar is trading down .12 percent and crude oil is down 13 cents this morning. Egypt’s GASC purchased 175,000...[Read More]