Grains Drift Lower in the Overnight
Outside markets S&P futures and crude posted positive gains.
Grains drifted lower overnight following Tuesday’s rally in prices, while in outside markets S&P futures and crude posted positive gains.
On Tuesday, NOPA crush figures for January showed a significant curtailing in soybean crush. According to NOPA, January soybean crushings were only...[Read More]
Soybeans Find Strong Support
Grains Came Back From The Holiday Weekend in a Buying Mood
In outside markets, S&P futures and crude oil were sharply higher early in the night session, but had pared gains going into the morning trade
Grains came back from the holiday weekend in a buying mood with 2 to 5 cent gains going into the morning break. In outside markets, S&P futures and crude oil were sharply higher early in the night session, but had pared gains going into the morning trade.
Weekly Cash Comments
Weekly Cash Commentary for week ending 02/12/2016
Grain basis levels continued to hold relatively stable this week with soybeans unchanged while corn basis was off 1 cent a bushel.
Wheat Held in Positive Territory Overnight
Grains were mixed overnight with beans giving up some of yesterday’s impressive gains, while wheat held up in positive territory
Grains were mixed overnight with beans giving up some of yesterday’s impressive gains, while wheat held up in positive territory. Corn was fractionally lower. Outside markets were reversing yesterday’s sharp action with equities, crude and the US dollar shooting higher while bonds were...[Read More]
Soybeans are Running for $8.78
Global Markets Continued to Fall Overnight
The good news for grains continues to be the sharp selloff in the US dollar
Global markets continued to fall overnight as risk in European banks sent shares lower abroad and pushed S&P futures sharply lower in the overnight. Grains were mixed with soybeans and wheat posting modest gains and corn putting on a fractional loss.
Potential Support for Corn is Near
Grains Were Mixed in the Overnight
Yesterday’s supply and demand report from USDA did little to reverse the trend of lower prices
Grains were mixed overnight as corn and wheat came under pressure while soybeans posted modest gains. In outside markets, equity futures had a rare rally going into the morning trade while crude oil tried to maintain positive territory ahead of EIA’s inventory numbers.