Strong Export Sales Announced This Morning
Export sales helped lift soybeans last week and strong sales announced this morning could have a positive impact on prices when the market opens at 8:30 AM CST.
In the overnight session the grains were mixed with corn up 3/4 of a cent, soybeans down 5 1/4 cents and wheat up 6 1/2 cents this morning. The U.S. dollar is trading a fraction of a percent higher and crude oil is down 86 cents this morning. Last Friday, the Chairman of the Federal Reserve,...[Read More]
Soybeans Sharply Higher to Close the Week
Cody reviews weekly basis changes and what cause the large jump in bean prices.
Weekly Cash Comments
Cash Commentary for week ending September 25th
Soybean basis was off sharply this week giving up 5 cents a bushel, while corn basis was relatively quiet and unchanged for the week.
Harvest has gotten into full swing with USDA reporting at the start of the week that 10 percent of the corn crop has been harvested and 7 percent of the...[Read More]
Chinese Soybean Purchase Lifts Soybeans
A large soybean purchase made by the Chinese lifted soybeans in the overnight session.
In the overnight session the grains traded higher with soybeans leading the way up 9 1/4 cents. Corn jumped 2 cents and wheat climbed 3 ½ cents to help erase some of the losses seen yesterday. Crude oil is trading 37 cents higher and the U.S dollar is up .6 percent after the Fed Chairman...[Read More]
Corn And Wheat Miss the Mark for Export Sales
Cody looks at the charts and export sales numbers.
Grains Turn Lower
The grains turn smaller corn and wheat sales than expected.
In the overnight session, the grains traded lower with corn down 3 1/4 cents, soybeans down 3 1/4 cents and wheat down 5 1/4 cents. A reportable export sale of 313,000 metric tons of soybeans was reported today to unknown destinations for 15/16 delivery.
Yesterday, the EIA announced...[Read More]
Markets Higher in the Overnight
Wheat had the biggest recovery posting a 7 cent advance.
Markets were broadly higher overnight after widespread weakness took its toll on commodity and financial markets on Tuesday.
Wheat had the biggest recovery posting a 7-cent advance in the night session where concerns about dry weather in Australia and the Black Sea region are mounting....[Read More]
Commodity and Equity Markets Lower in the Overnight
Grains under pressure overnight following USDA Crop Progress Report
Commodity and equity markets were lower overnight as broad-based bearish sentiment continues to entrench the global view. In grains, soybeans were down 6 cents a bushel while corn and wheat gave up 4-cents in the night session. Overnight trade showed stock markets in Japan and Europe on the...[Read More]
Grains Mixed in the Overnight
Weather expected to be near ideal for harvest in the US this week.
Grain markets were mixed overnight with soybeans advancing 4 cents a bushel, while corn and wheat slumped about a penny going into the morning break.
On Friday, Egypt announced the results of its latest wheat purchase, with Russia, Ukraine and France splitting the business on a 230,000...[Read More]
Prices Continue Lower to Close the Week