May 26, 2015 | Grain Hedge Insights | | Views: 88
May 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 52

US dollar up sharply

The US dollar is trading sharply higher this morning putting pressure on the grain complex.

In the overnight session the grains are trading lower with corn down 2 1/4 cents, soybeans down 1 cent and wheat down 4 3/4 cents. The U.S Dollar is trading up over a percent this morning and crude oil has slipped 68 cents.  Japan is seeking to buy 100,262 metric tons of food quality wheat...

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May 22, 2015 | Grain Hedge Insights | Cody Bills | Views: 162

Short Covering Rally

Cody reviews the overall downward trend from the grains and looks at where they might find support.

May 22, 2015 | Grain Hedge Insights | Cody Bills | Views: 157

Weekly Cash Comments

Cash Commentary for week ending May 22nd

Basis levels for corn were off 1 cent for the week adding to the previous week’s losses, while soybean basis managed a 2-cent advance thanks to a sharply lower week on the futures market.

 

For corn, there was modest weakness along the river markets this week with a 3-cent loss at the Gulf...

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May 22, 2015 | Grain Hedge Insights | Cody Bills | Views: 88

Wheat continues short covering correction

The wheat market continues its short covering correction higher this morning after four days of pause and consolidation near the 100 day moving average.

In the overnight session the grains traded higher with wheat leading the way up 4 3/4 cents, corn traded up 1 3/4 cents and soybeans up 1/4 cent. The U.S. dollar index is trading about a 1/4 percent higher this morning and crude oil is down 58 cents.

 

Yesterday, Agroconsult raised its...

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May 21, 2015 | Grain Hedge Insights | Cody Bills | Views: 145
May 21, 2015 | Grain Hedge Insights | Cody Bills | Views: 113

Can export sales lift corn?

Export sales were positive this morning with strong old crop corn sales and a reportable sale announced early this morning.

In the overnight session the grains are trading higher, with corn up 1 1/2 cents, soybeans up 1 1/4 cents and wheat up 3 cents. The U.S. dollar is lower by 1/10th of a percent and crude oil is 48 cents higher. This morning a reportable export sale was announced for 152,400 metric tons of old...

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May 20, 2015 | Cody Bills | Views: 173

Ethanol Production Jumps

Ethanol production smashes through 2013 levels. Positive export sales are expected for the new crop grains.

May 19, 2015 | Grain Hedge Insights | Cody Bills | Views: 219
May 18, 2015 | | Views: 157

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More Articles

Weekly Cash Comments

May 15, 2015 | Grain Hedge Insights | Cody Bills

Corn basis was mostly unchanged for the week with US average basis levels stagnate. However, a late week increase in futures prices but cash corn basis levels on the defensive. For soybeans, basis levels posted a modest 1-cent a bushel advance as nearby futures prices gave up 18 cents on...

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Can Export Sales Lift the Markets?

May 14, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains moved higher with corn up 2 3/4 cents, soybeans up 1/4 cent and wheat up 8 1/4 cents. The dollar index continues to move lower this morning following yesterday’s April retail numbers. Crude oil is down 30 cents this morning trading around the $60 mark.

 ... [Read More]

Grains Bounce on Weak Dollar

May 13, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains traded higher with wheat up 4 cents, soybeans up 5 1/2 cents and corn unchanged going into the morning pause in trade. The U.S. dollar is trading down sharply this morning after retail sales revealed no growth in April. Crude oil is trading up 78 cents...

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Planting Progress Leaps Forward

Planting Progress Leaps Forward

May 12, 2015 | Grain Hedge Insights | Cody Bills

Crop progress showed strong planting progress for the grains this week and improved wheat conditions after the market closed yesterday. Corn planting jumped 20% last week with 75% of the crop now planted, well ahead of the four year average of 57% complete during the same time period. ... [Read More]