Grains Were Mixed in the Overnight
For crude oil, prices started the week on a down
Grains were mixed overnight as wheat found modest support advancing 3 cents, while soybeans were off 3 cents. Corn drifted lower in relatively stable trade in the night session. In outside markets, crude oil started the week with a $1 a barrel loss while S&P futures were modestly lower....[Read More]
Will We See Corn Carryout Break 2 Billion Bushels?
Weekly Cash Comments
Weekly Cash Commentary for week ending 01/22/2016
Cash grain basis continued to be at a stalemate this week as basis levels around the country for corn and soybeans were generally unchanged.
Grains Firmed in the Overnight
Outside markets were firm as well with oil bouncing off its lows.
Grains firmed in the overnight session with soybeans leading the complex higher on 4 cent advances in early morning trade. Outside markets were firm as well with oil bouncing off its lows on a $1.50 a barrel advance and S&P futures were up 1.3%.
Why Lower Bean Prices May Be on the Horizon
Grains Posted Modest Gains Overnight
Outside markets saw S&P futures up.
Grains posted modest gains overnight while outside markets saw S&P futures up following yesterday’s near collapse while crude oil was hovering in unchanged territory.
Corn Defies Market Trend to Close Higher
Grains Were Weaker to Unchanged in The Overnight
U.S. soybeans lost ground on Wednesday, giving up some of last session's gains
Grains were weaker to unchanged overnight with soybeans giving up nearly 6 cents and wheat down 3. Going into the morning pause in trading, corn was trying to hold onto a fractional gain. In outside markets, S&P futures were off sharply, losing almost 2% of their value while crude oil was...[Read More]
Soybeans Grind Higher Even With Rocky Exports
Grains Start the Week Higher
Outside markets were recovering overnight with oil trying to claw its way back to $30 a barrel
Grains were higher to start the week with solid advances by soybeans of 7 cents and corn and wheat were up 3 to 5. Outside markets were recovering overnight with oil trying to claw its way back to $30 a barrel and S&P futures posted a better than 12% advance.