Weather Forecasts Continue to Point to Rain for much of Grain Belt
Grains in a Sour Mood after Long Holiday Weekend
Grains came back from the long holiday weekend in a sour mood with wheat leading the complex lower in overnight trade.
Grain Basis Popping In Some Regions
Weekly Cash Comments
Weekly Cash Commentary for week ending 5/26/2017
Basis levels continued to rise this week with corn and soy basis advancing about 2.5 cents across the US on average.
Soybeans Move to Fresh Lows Overnight
New Crop Corn and Bean Sales for the US Continue to Disappoint
New-crop corn and bean sales for the US continue to be disappointing with USDA’s weekly report on Thursday showing no new deals.
Grains Bounce Higher in the Overnight
Export Sales Number this Morning are Dismal for New Crop Deliveries
Grains bounced higher overnight with soybeans leading the complex on a 4 cent advance.
Chicago Wheat Futures Slid for a Third Session
Oil Prices Steadied on Wednesday
Chicago wheat futures slid for a third session with the US Hard Red Winter crop’s resilience to late spring snowstorms pulling the market lower while soybeans were virtually flat after recovering from early losses.
Grains Sell Off On Improving Crop Weathe
USDA Crop Progress Report Showed Another Strong Week for Farmer Planting
Grains were weaker to start Tuesday
Grains were weaker to start Tuesday giving up all of Monday’s gains.
Grains Start the Week in Positive Territory
Cool and Wet Weather in the US Continues
Grains started the week in positive territory supported by cool wet weather and a continued slide in the US Dollar.