Soybeans Reach New Heights
Crude oil was unchanged in the overnight
Soybeans reached new heights overnight with front month July briefly touching $11.10 a bushel. Corn and wheat were mostly unchanged in rather directionless trade. In outside markets, crude oil was unchanged while equity futures and the US dollar drifted lower.
How Far Can Beans Take Their Upside Momentum?
Grains Under Pressure
Corn and Soybeans Drift Lower
Grains were under pressure to start Wednesday with corn and soybeans drifting lower while wheat reversed some of Tuesday’s sharp losses.
Poor Signs for Wheat Prices
Mixed Grain Prices to Start the Week
US Dollar fractionally higher
Grain prices were mixed to start the week with corn and wheat lower while soybeans were higher. In outside markets, the US dollar was fractionally higher while crude oil also moved up slightly.
Corn Running for $4.20
Weekly Cash Comments
Weekly Cash Commentary for week ending 5/27/2016
US soybean basis showed good strength this week. While corn lagged behind, mostly steady to weaker loosing half a cent on the week.
Grains were mixed and Crude Oil Gave Back on Recent Gains
USDA announced flash sales with China
Grains were mixed with little change from yesterday’s close while crude oil gave back some of its recent gains.