Grains Higher in the Overnight Following WASDE Report
The grains are trading higher in the overnight following the Tuesday WASDE report and despite the higher U.S dollar.
The dollar index continues to rally in the overnight reaching 99.145 in a rally that started after breaking through 95.90 on March 4th. The grains are also moving higher in the overnight with corn up 3 ¾ cents, soybeans up 5 ¾ cents and wheat up 6 ½ cents this morning. Be aware that the May...[Read More]
Unexpected WASDE Numbers out Today
Ending Stock numbers helped influence the effects of the rising U.S. dollar. Export sales was not revised today which leads Cody to believe that export sales will fall this week.
Supply and Demand Report Day
Analysts are expecting a revision in soybean ending stocks in this round of analyst expectations. With export sales are running well ahead of expectations, will the USDA lower 14/15 carryout?
The grains are trading lower in the overnight session with corn declining 1 ½ cents, soybeans down 3 ¾ cents and wheat trading 5 cents lower going into this morning’s pause. The U.S. dollar is up again this morning increasing over ½ a percent in the overnight session. This morning at 11 AM...[Read More]
Export Inspections Out Today
Corn basis has been strong lately and proved to be on the high side of analyst expectations. However, it may be difficult for corn to rise above current prices. Tune in tomorrow for the March supply and demand report.
Traders Eye Tomorrow’s Report
The grains are bouncing this morning after seeing selling pressure last week. Traders will be adjusting positions with the March 10th WASDE report at the center of attention.
In the overnight, the grains traded higher with corn up 4 ½ cents, soybeans up 2 cents and wheat up 7 ¾ cents. The U.S. dollar is trading sideways this morning after a sharp move higher last Friday. The technical environment for corn looks to be negative this week with the 50 day and 100 day...[Read More]
Grains Continue to Feel Pressure from Strong Dollar
U.S. Dollar is continuing to gain strength. Cody looks at how this is affecting WASDE expectations.
Dollar Rallies in the Overnight
The dollar moved sharply higher in the overnight session which is expected to put further pressure on grains during today's trade session.
The grains traded lower in the overnight session with corn down 3 ¼ cents, soybeans down 2 cents and wheat in Chicago up ¼ of a penny. The U.S. Dollar is trading sharply higher to 97.395 after breaking above the previous resistance of 95.85 set on January 26th. The market will be focusing on...[Read More]
Strong Dollar Pressuring Wheat?
U.S. Wheat struggles to remain competitive in the global market. Cody discusses what this means moving forward and gives a brief on the current export sales pace for corn and soybean.
Export sales see weekly improvement
Export sales came in within analyst expectations. However, soybean sales continue to be well ahead of pace to meet the USDA expectations. Will the USDA revise export sales estimates in the March 10th WASDE report?
In the overnight session the grains are mixed with corn up ¼ of a cent, soybeans are up 3 ½ cents and wheat is trading down ¾ of a cent. This morning it was announced that 108,000 metric tons of sorghum was sold to unknown destinations for 15/16 marketing year. The US dollar index is...[Read More]
Soybeans Lose Traction
Tune in for a report on the U.S. Dollar, Brazilian Real, and a discussion of what drove soybeans lower.