US Dollar Higher in the Overnight
The U.S. dollar traded higher in the overnight by over a percent this morning which will likely put pressure on the grains after a week of rising prices.
In the overnight session the grains were mixed with corn up 1/4 of a cent, soybeans down 1/2 of a cent and wheat is down 2 3/4 cents. The U.S dollar is trading nearly 1 percent higher this morning after printing lows of 94.67 in yesterday’s session and rallying back to 95.55 percent to close...[Read More]
Export Sales Breakdown
Cody gives and extensive walk-through of today's mixed export sales report.
Soybean Sales Mixed
Export sales were mixed this morning with new crop soybean showing the best performance this week.
In the overnight session corn traded lower by 1 1/2 cents, soybeans pushed 2 1/2 cents higher and wheat in Chicago fell by 2 1/4 cents. The U.S dollar is continuing lower today after two days of selling and crude oil is down 39 cents.
This week’s export sales did little to impress with...[Read More]
Grains Still Face Pressure from South America
Tune in for an update on the wheat an ethanol markets.
Could India Grain Production Lift the Markets?
The markets rallied sharply yesterday on the back of a dollar sell-off and concerns about India grain production.
In the overnight session the grains are trading slightly lower with corn down 3/4 of a cent, soybeans down 4 1/4 cents and wheat down 1 1/4 cents going into this morning’s pause in trade. Crude oil is down $1.04 this morning and the U.S. dollar has rallied back nearly 1/2 a percent from the...[Read More]
Support for Grains Across the Board
Even with strong support Cody looks at whether or not these prices can be sustained.
Winter Wheat conditions decline in Texas and Colorado
Winter Wheat rated good to excellent fell by 1 percent throughout the U.S. in the latest crop progress report issued out on Monday.
In the overnight session the grains traded higher with corn up 2 1/4 cents, soybeans up 8 1/2 cents and wheat up 4 1/2 cents going into this morning’s pause in trade. The U.S. dollar index has fallen nearly 3/4 of a percent and crude oil is 55 cents higher this morning.
Yesterday, crop...[Read More]
Bearish Wheat Trend is Sustained
Cody talks about pricing strategies for these spikes in wheat prices. Export inspections, weather, and crop progress are also covered.
Grains Quiet on Monday
The grains are mostly unchanged with the exception of soybeans on Monday morning.
In the overnight session the grains were mixed with corn lower, soybeans down 3 3/4 cents and wheat up 1 1/4 cents. The U.S. dollar is trading slightly higher with crude oil down 28 cents this morning. On Friday, the grain crushers strike in Rosario Argentina was resolved which should have a...[Read More]
Weekly Cash Market Update
Tune in to watch Cody discuss the weekly export sales and talk about the basis changes throughout the country.
Cody discusses this week's export sales and the basis movement around the country.