February 05, 2016 | Grain Hedge Insights | Kevin McNew | Views: 105

Weekly Cash Comments

Weekly Cash Commentary for week ending 02/05/2016

Soybean basis came under pressure this week giving up 2 cents a bushel, while corn basis continued to flat line at unchanged on the week.

February 05, 2016 | Grain Hedge Insights | Kevin McNew | Views: 166

Grains Quiet in the Overnight Session

In outside markets, the US dollar inched higher after being routed in the last two trade sessions

Grains Quiet in the Overnight Session

Grain markets were mostly quiet overnight with corn and wheat posting fractional changes while soybeans advanced around 3 cents a bushel. In outside markets, the US dollar inched higher after being routed in the last two trade sessions while crude oil and stock futures also were quiet,...

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February 04, 2016 | Grain Hedge Insights | Kevin McNew | Views: 359
February 04, 2016 | Grain Hedge Insights | Kevin McNew | Views: 146

US Dollar Continues to Move Lower

Grains were higher overnight with corn and wheat up 2 cents while soybeans were up 4 cents.

Grains were higher overnight with corn and wheat up 2 cents while soybeans were up 4 cents. In outside markets, the US dollar continued to move lower giving up 0.5% after losing 1.6% yesterday, which is supportive for grains. Stock futures were drifting lower as was crude oil. Silver and...

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February 03, 2016 | Grain Hedge Insights | Kevin McNew | Views: 406
February 03, 2016 | Grain Hedge Insights | Kevin McNew | Views: 156

Choppy Trading Continues

S&P futures and crude oil were modestly higher after Tuesday’s sharp sell-off.

Grains dipped lower overnight as the slog thru choppy trading continues. S&P futures and crude oil were modestly higher after Tuesday’s sharp sell-off. 

February 02, 2016 | Grain Hedge Insights | Kevin McNew | Views: 791
February 02, 2016 | Grain Hedge Insights | Kevin McNew | Views: 141

Grains Limited in the Overnight

U.S. crude futures were off sharply on Monday, losing $2 a barrel

Grains continued to be tied limited overnight, while outside markets were under pressure yet again.

 

After the close yesterday, USDA’s monthly industrial use reports showed soybeans crushed in December were 167.0 MB versus trade expectations of 167.3 MB. 

February 01, 2016 | Grain Hedge Insights | Kevin McNew | Views: 351
February 01, 2016 | Grain Hedge Insights | Kevin McNew | Views: 160

Grains Lost Ground in the Overnight

Oil found itself on the defensive as economic data from China showed the manufacturing sector contracted at the fastest pace since 2012.

Grains lost ground overnight after closing sharply higher on Friday. Likewise, crude oil and S&P futures were deep in negative territory to start the week. 

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More Articles

Grains Sluggish Yet Again

January 27, 2016 | Grain Hedge Insights | Kevin McNew

Grains were sluggish yet again overnight with wheat falling after solid advances in the past four days. Corn also drifted lower while soybeans posted a slight advance. In outside markets, the see-saw patterns continued with S&P and crude oil futures making relatively big declines before...

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Grains Were Mixed in the Overnight

January 25, 2016 | Grain Hedge Insights | Kevin McNew

Grains were mixed overnight as wheat found modest support advancing 3 cents, while soybeans were off 3 cents. Corn drifted lower in relatively stable trade in the night session. In outside markets, crude oil started the week with a $1 a barrel loss while S&P futures were modestly lower.... [Read More]