Grains were Mixed in the Overnight
Outside markets for crude oil and stock indices were higher
Grains were mixed overnight as soybeans and corn drifted lower while wheat posted modest advances to start the week. Outside markets for crude oil and stock indices were higher while the US dollar fell modestly.
Grain Prices Drift Lower
Crude Oil again fell sharply lower
Grain prices drifted lower to start the day while crude oil again fell sharply lower and stock futures were weaker in overnight trade.
Few Signs of Technical Support for Soybeans
After the bean market lost some steam Kevin takes and in depth look at the driving factors.
Grains were Weak in the Overnight
Soybeans got a big boost on Tuesday as the rally moved up to the highs set back in early December.
Grains were weaker overnight as soybeans took a dip below their highest prices since December. In outside markets, crude oil was lower while the US dollar continued to add to its winning streak, posting positive gains for the 5th day in a row.
Are Today’s Highs as Good as it Gets for Soybeans?
Grains were Higher in the Overnight
On Monday, state USDA agency’s gave an update on HRW wheat conditions
Grains were higher overnight, while outside markets turned lower on news of a terrorist attack in Belgium.
On Monday, state USDA agency’s gave an update on HRW wheat conditions, which showed a mixed bag with Kansas and Texas each having a modest 1% improvement in the crop rating for...[Read More]
Wheat Finds Buying Interest on Sunday
In outside markets crude was modestly lower while stock futures were up going into the morning session
Wheat found buying interest on Sunday as cold weather in the Plains put a premium on prices, while corn and soybeans drifted lower to start the week. In outside markets crude was modestly lower while stock futures were up going into the morning session.
Why There is Little Potential for Any Corn Movement
Weekly Cash Comments
Weekly Cash Commentary for week ending 3/18/2016
Grain basis levels were stagnant yet again this week with the average corn basis across the country unchanged, while soybeans slipped 1-cent a bushel.