Grains Showed Limited Activity in the Overnight
US Dollar Index Continues to Rise to a Contract High
Grains showed limited activity overnight as markets held mostly fractional gains coming out of the overnight session. In outside markets, the US dollar index continued to rise to a contract high on the Dec futures, while S&P futures and crude oil were modestly higher.
Weekly Cash Comments
Weekly Cash Commentary for the week ending 11/27/15
Cash grain basis levels were mostly flat this week on average with the US soybean basis unchanged, while corn posted a modest 1-cent advance.
Futures were modestly higher
Corn came in as the shining star
Grains were closed overnight due to the Thanksgiving Holiday and will open at 8:30 AM CDT for trading. S&P futures were modestly higher while crude oil was down in early trade.
Soybeans Blast Higher
Grains were higher overnight
In outside markets, crude oil gave up most of its gains from Tuesday
Grains were modestly higher overnight trying to rebound from Tuesday losses. In outside markets, crude oil gave up most of its gains from Tuesday to move lower in Wednesday, while S&P futures were up in overnight trade,
Can Corn Break Through the Overhead Resistance?
The wheat market took a dive following reports of Turkey shooting down a Russian plane.
Grains were Modestly Lower in the Overnight
Wheat had the biggest losses in the overnight
Grains were modestly lower overnight following Monday’s strong turnaround in prices. S&P futures were lower while crude oil was higher after Turkey shot down a Russian warplane overnight, increasing global tensions.
Key Reversal for Soybeans
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Grains Start the Week on a Down Note
In wheat news, France is set to export wheat to Indonesia for the first time since the 2008/09 marketing season
Grains started the week on a down note, with soybeans leading the sell-off to the downside while wheat and corn were slightly lower in quiet trade. In outside markets, S&P futures and crude oil were off slightly from Friday’s close.
Weekly Cash Comments
Cash Commentary for week ending 11/20/2015
Grain basis was mixed this week as soybean basis took a break from its steep incline since harvest to finish the week unchanged, while corn basis continued to press higher advancing 2 cents a bushel.