Positive Gains in the Overnight
Grains Bullish after three day weekend
Grains were in a bullish mood this morning coming back from the three-day weekend with positive gains across the board. Wheat and beans led the charge higher posting 8 cent gains in the overnight session while corn logged a 5-cent advance.
Global markets felt more at ease on Monday and...[Read More]
Corn and Beans to Continue to Trend Lower?
Cody looks at the technicals and fundamentals to weigh in on what he thinks will happen to corn and beans in the weeks to come.
Weekly Cash Comments
Cash Commentary for week ending September 4th
Soy basis continued to plunge lower this week as old-crop premium levels eroded closer to new-crop delivery levels. For the week, US average soybean basis fell 17 cents a bushel, while corn managed a positive 2-cent gain.
Grains Mixed Headed Into a Long Weekend
The grains are mixed as traders head into a long weekend. Precipitation expected late in the weekend is expected to benefit the crop.
In the overnight session the grains traded a bit higher with corn up 1/2 a cent, soybeans up 3 cents and wheat up 2 1/2 cents this morning. The outside markets are weaker with the mini Dow down 1.14 percent and the e-mini S&P down 1 percent. The U.S. dollar is trading mostly unchanged at the...[Read More]
Big Surprises for New Crop Export Sales
Cody gives an update on global news, export sales, and yield forecasts.
New Crop Soybeans Outperform
New crop soybeans booked export sales better than expectations this morning helping support the prices.
In the overnight session the grains are trading lower with corn down 3 1/4 cents, soybeans down 3/4 cents and wheat down 4 1/4 cents this morning. The U.S. dollar index is trading higher by .67 percent and crude oil is down 20 cents.
Ethanol production fell 4,000 barrels per day last...[Read More]
Strong Ethanol Production
Although ethanol production declined slightly this week there are signs of long term strength.
Can Corn Hold Support?
The corn market is trading next to a critical price level which has acted as support multiple times since January.
In the overnight session the grains traded slightly lower with corn down 1/2 a cent, soybeans up 3 cents and wheat down 3/4 of a cent. The outside markets are somewhat positive this morning with the Mini S&P up nearly a percent, the U.S. dollar index up .38 percent and crude oil down $.64...[Read More]
Will Corn Continue to Move Lower?
Cody reviews the world news and yield forecasts to see whether or not corn prices will continue to decline.
Soybeans Pressured By Negative Manufacturing News Out of China
The soybean market is being pressured this morning by negative manufacturing news out of China which has triggered a selloff throughout the Global market.
In the overnight session the grains traded lower with December corn down 4 cents, November soybeans down 8 1/4 cents and December wheat up 2 cents. The outside markets are sharply lower this morning with the Dow down 2.5 percent and crude oil down $2.13 dollars after surging $4.00 higher...[Read More]