Grains Mixed After Monday Selling
The grains are mixed after Monday selling with Informa's latest crop report expected out at 10:30 AM this morning.
The grains are mixed this morning with corn up 1 ¼ cents, soybeans down 3 ¾ cents and wheat in Chicago down 2 ½ cents. Traders should keep an eye on the Informa Economics latest crop estimates scheduled for release at 10:30 AM this morning. Also on the horizon is the USDA Supply and Demand...[Read More]
Brazil Cracks Down on Protesters
Cody discusses the why the grains sold off today and the recent developments in the trucker protest in Brazil.
Police Crack Down on Brazil Roadblocks
The police handed out fines and cleared out a number of roadblocks helping restore traffic flow to congested areas of the country.
In the overnight session the grains traded mixed with corn down 1 cent, soybeans up 2 ¼ cents and wheat up 2 cents going into the morning pause in trade. The Chicago wheat market seems to have held support off $4.96 last Thursday which was the previous low back on February 2nd.
Weekly Wrap Up
Cody and Kevin talk weekly basis and give an update on the trucker strikes in South America.
Weekly Cash Comments
Cash Commentary for week of February 27th
Corn basis saw modest growth this week advancing 2 cents a bushel on average across the country, but bean basis was unchanged thanks to higher futures and better farmer selling.
In corn, basis levels were up largely driven by strength at ethanol plants in the Western Cornbelt. On...[Read More]
Grains Higher Going into Friday
The grains are trading higher going into the Friday session as Brazil logistics concerns continues to stir up short covering on Soybeans.
In the overnight the grains traded higher with corn up ¼ of a cent, soybeans up 3 ½ cents and wheat up 6 ¾ cents going into this morning’s pause. Wheat seems to be bouncing higher this morning after holding a major support level of $4.92 ¼ which was the low back on February 2nd. Today is...[Read More]
South American Trucker Strike Continues
Cody gives an update on the South American trucker strike and breaks down today's export sales report.
Export sales provide little support to the markets
Export sales were on the lower end of expectations this morning with corn missing expectations by a couple hundred thousand metric tons.
In the overnight session the grains traded mixed with corn and soybeans up 2 ¼ each and wheat trading 1 ¼ cent higher going into the morning pause in trade. Today is the last day to get out of any March grain contracts with first notice day Friday the 27th.
Yesterday at 11 AM CST trucker...[Read More]
Ethanol Production out this Morning
Ethanol production seemed to be following the normal trend while maintaining a 5% advantage over last year's production. Resolutions look to be near for the South American truckers on strike.
Soybeans slip in overnight after yesterday’s gains
The grains are moving lower this morning with corn down a penny, soybeans down 4 cents and wheat in Chicago down 3 ½ cents. Yesterday’s rally in Soybeans sparked some farmer selling after prices rose sharply to an intraday high of $10.29. Keep a close watch on corn today as it trades next...[Read More]
Strong Day for Soybeans[Read More]
Soybeans Up on Uncertainty of Brazil Logistics
This morning the grains are trading higher with corn up 1 ½ cents, soybeans up 9 cents and wheat up 1 cent. Soybeans are trading higher on concerns about supply disruptions out of Brazil due to the truckers who are protesting higher fuel prices by blocking main roads across Brazil. Traders...[Read More]
GrainTV February 23, 2015[Read More]
March Grain’s First Notice on Friday
The grains are trading mixed this morning with corn down ¾ of a penny, soybeans up 4 ¼ cents and wheat down 1 ½ a cent. This Friday the 27th is the First Notice day for March corn, soybeans, wheat, KC wheat and MN wheat. Hedgers that are not looking to take delivery should exit their March...[Read More]
Selling Pressure on Grains[Read More]
Weekly Cash Comments
Grain futures posted positive gains this week with beans up 23 and corn up 6, but in the cash market overall trends in the basis were mostly flat. Corn managed a 1-cent improvement on the week, while soybeans were unchanged on average across the country.[Read More]
Grains saw some trend reversal in the overnight
Grains saw some trend reversal overnight with corn and beans giving up some of their gains from the previous session while wheat recovered from its losses on Thursday. Corn was down 1 cent a bushel, soybeans off 2 cents a bushel and wheat was up 2 cents.
The USDA Ag Outlook Forum...[Read More]
Mixed Report on Ethanol Production and Stocks[Read More]
USDA Agricultural Outlook Forum shows lower soybean acreage
In the overnight session corn traded down a penny, soybeans increased 5 cents and wheat fell 1 ¼ cents by the pause in trading. Corn is currently trading at $3.82 which is right on its 100 day moving average. Soybeans 100 day moving average hangs over prices at $10.07.[Read More]