Grains Continue to Drift Lower
EIA report due out tomorrow.
Grains continued to drift lower overnight, while stock futures gave up some on Monday’s gains and crude oil reversed its selloff from the previous trade session.
In soybeans, Jan 16 bean futures drifted down to $8.76 pushing lower for a second consecutive trade session. ...[Read More]
Continued Downside Pressure on Beans
Wheat took a sharp dive lower today. Beans and corn are continuing their downward trends.
Grain Hedge Overnight Highlights
Grains were mostly quiet overnight with little news or volatility to change prices.
Grains were mostly quiet overnight with little news or volatility to change prices. In outside markets, S&P futures were fractionally higher while crude oil dipped in early trade.
For soybeans, there was mild support to start the week from planting delays in Brazil. Soybean planting in...[Read More]
National Basis Finally Picking Up?
News out of Europe suggests lower wheat yields. Kevin looks at this and the rising basis for corn and soybeans.
Weekly Cash Comments
Weekly Cash Commentary for week ending 10/30/2015
Grain basis got a big boost this week as harvest nears completion and barge rates continue to sink lower. On the week, US average corn basis was up 3 cents a bushel while soybeans advanced 4 cents a bushel.
Wheat Continues to Climb Higher
USDA’s weekly export sales report was for the first time above expectations for all three commodities.
Grains were higher overnight with wheat and soybeans posting the biggest gains of 4 cents a bushel, while corn was fractionally higher. In outside markets, crude oil & S&P futures were higher while the US dollar index was weaker.
Soybean Exports Are Heating Up
Even with a strong U.S. dollar soybean exports are looking up.
Grains Mostly Steady Overnight
Fed announced no change in interest rates yesterday.
Grains were mostly steady overnight as corn and wheat were gravitating towards unchanged while soybeans was up a penny. Stock futures and crude oil were lower giving back some of yesterday’s gains.
Rolling Options and Downside Risk
Kevin breaks down all you need to know about rolling options and downside risks.
Grains Drifted Lower in the Overnight
In S&P futures, traders await clues on timing of a U.S. interest rate increase.
Grains drifted lower overnight as ample supplies and limited demand news kept prices listless. In outside markets, S&P futures were marginally higher as was crude oil, while the US dollar was down.
An outlook for rain in OK/KS and into the soft red wheat territory of the Midwest has...[Read More]