String of Reportable Sales This Morning
A string of three reportable soymeal and soyoil sales were reported this morning.
The grain markets moved a couple cents higher in the overnight after trading down for the better part of yesterday. September corn is up 1 ¼ cents. September wheat is up 4 ½ cents and august soybeans is up 14 cents on the day. Crop conditions were released yesterday after the market closed,...[Read More]
Grains Gap Lower in the Overnight Session
Corn, soybeans and wheat all moved lower in the overnight session as near ideal conditions during pollination weigh on prices.
This morning all the grains are trading lower as ideal weather during pollination weighs heavily on the market. September corn is trading down 6 cents, September wheat is down 3 ¾ cents and August soybeans is trading 4 ¾ cents lower. This afternoon’s crop progress report should show...[Read More]
Futures and Cash Markets See Volatile Week
Futures traded lower in Chicago as the Ukraine premium from yesterday was sold into for corn and wheat. Old crop soybeans got a bump as news came across the wires that Argentinian strikes were back on. Join us on GrainTV to discuss these and other factors
Strong New Crop Soybean Sale!
Export sales report was strong for corn and old crop soybeans, but a sale for new crop soybeans may help lift soybeans for the second straight day.
The grains shed a couple pennies in the overnight session with old crop corn down 2 cents, Chicago wheat down 1 cent, and august soybeans down ¾ of a cent. Expectations at the office here are for a continuation of yesterday’s bounce, but we are concerned that the upside potential will be...[Read More]
Grains Trade Higher Across the Board
Exports sales combined with oversold technical conditions helped to produce a snapback for corn, soybeans, and wheat today. We discuss the export sales, Argentina news, and ethanol production on today's GrainTV.
November Beans Ready for a Bottom?
Soybeans found some strength today on the new crop. Today we discuss NOPA crush numbers and where the new crop November contract could be headed.
Grains Bounce Back
Grains finally found some footing in today's trade. Today we discuss export inspections and crop progress numbers released after the market close.
WASDE Report Reaction
US world ending stocks pressure corn.
Old crop corn carryout was raised 100 million bushels, bringing 2013/14 carryout to 1.246 billion bushels. 2014/15 production was lower 75 million bushels as planted acres and harvested acres were lowered from the June report slightly. Yield was left unchanged at 165.3 bushels per acre. On...[Read More]
Will the July WASDE Report Help Grains Find a Bottom?
With the crop good-to-excellent ratings on soybeans at a 20 year highs, yield will likely be left alone from the June report.
How Far Can Soybeans Go?
Today Cody and Logan discuss the spread between old crop and new crop soybeans and what that could mean to the August soybean contract. They also dig into the expectations for Friday's WASDE report and talk about what that means to soybean demand.