Tune in to hear Cody and Kevin discuss how grains closed out the week as well as what to expect in the near future. Cody and Kevin also discuss the world wheat market and how the U.S. dollar index is affecting it.
Soybean sales lagged expectations providing little support for a continued move higher.
In the overnight session corn increased 2 ¼ cents, soybeans increased 1 ¾ cents and wheat fell 3 cents as we go into the morning pause in trade. Export sales which were released at 7:30 CST caused soybeans to give back most of the gains it had achieved in an overnight bounce.
Corn and bean futures prices found strength this week and the cash market added on to the gains with a 2 cent basis increase on average across the US this week.In corn, ethanol plants were a dominant driver adding 4 cents a bushel as a group as ethanol production continues to accelerate....