Grains were Modestly Weaker in the Overnight
Outside markets for the S&P and crude oil were modestly higher following Monday’s sell-off.
Grains were modestly weaker overnight, while outside markets for the S&P and crude oil were modestly higher following Monday’s sell-off.
In weather, showers exited southeast Buenos Aires, northeast Cordoba, northern Santa Fe, northern Entre Rios, and minor production areas in northeast...[Read More]
South American Weather Flips Again
Grains Were Mixed in the Overnight
For crude oil, prices started the week on a down
Grains were mixed overnight as wheat found modest support advancing 3 cents, while soybeans were off 3 cents. Corn drifted lower in relatively stable trade in the night session. In outside markets, crude oil started the week with a $1 a barrel loss while S&P futures were modestly lower....[Read More]
Will We See Corn Carryout Break 2 Billion Bushels?
Weekly Cash Comments
Weekly Cash Commentary for week ending 01/22/2016
Cash grain basis continued to be at a stalemate this week as basis levels around the country for corn and soybeans were generally unchanged.
Grains Firmed in the Overnight
Outside markets were firm as well with oil bouncing off its lows.
Grains firmed in the overnight session with soybeans leading the complex higher on 4 cent advances in early morning trade. Outside markets were firm as well with oil bouncing off its lows on a $1.50 a barrel advance and S&P futures were up 1.3%.
Why Lower Bean Prices May Be on the Horizon
Grains Posted Modest Gains Overnight
Outside markets saw S&P futures up.
Grains posted modest gains overnight while outside markets saw S&P futures up following yesterday’s near collapse while crude oil was hovering in unchanged territory.