Soybeans Continue Their Slump
Weather forecasts turn favorable for grains this week
Soybeans slumped for a 4th day in a row while corn and wheat were holding on to modest gains going into the morning session.
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Grain Futures Found Modest Support Overnight
Crude Oil continues it's Slump
Grain futures found modest support overnight, while in outside markets crude oil continued to slump, driven by an unexpected build in US inventories.
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Crop Conditions Continue to Improve
Crude Oil Sinks for 4th Consecutive Day
Grain prices were lower overnight as improving crop conditions pressured prices for a 2nd day. In outside markets, crude oil sank for a 4th straight day after hitting a 7-month high last week.
Corn and Soybeans Gain in the Overnight
Gold hits its Highest Gain since May on Monday
U.S. corn gained 2.5 percent on overnight and soybeans gained almost 1 percent, with prices supported by concerns over a severe drought in Brazil and unseasonal rains in Argentina curbing global supplies.
Weekly Cash Comments
Weekly Cash Commentary for week ending 06/10/2016
Corn basis was off 1-cent on the week while US soy basis was down 3-cents for the week.
USDA Crop Report Releases Today
Report is expected to show higher wheat carryout
Grains were mixed overnight as traders await fresh input from USDA’s crop report at 11 am CDT today.