August 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 123
August 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 92

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...

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August 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 138
August 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 123

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...

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August 25, 2015 | Grain Hedge Insights | Cody Bills | Views: 179
August 25, 2015 | Grain Hedge Insights | Cody Bills | Views: 158

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...

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August 24, 2015 | Grain Hedge Insights | Cody Bills | Views: 209
August 24, 2015 | Grain Hedge Insights | Cody Bills | Views: 176

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...

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August 21, 2015 | Grain Hedge Insights | Cody Bills | Views: 188
August 21, 2015 | Grain Hedge Insights | Cody Bills | Views: 187

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...

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Grains Modestly Higher in Night Trade

August 19, 2015 | Grain Hedge Insights | Cody Bills

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,...

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Can Pro Farmer Findings Lift Corn?

August 18, 2015 | Grain Hedge Insights | Cody Bills

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...

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Traders Eye NOPA Crush

August 17, 2015 | Grain Hedge Insights | Cody Bills

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...

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Weekly Cash Comments

August 14, 2015 | Grain Hedge Insights | Cody Bills

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

August 14, 2015 | Grain Hedge Insights | Cody Bills

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...

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