Will Pro Farmer Yield Estimates Lift Corn?
Pro Farmer is set to release its yield forecast for the U.S. after the close of trade today. With some deviation from the August USDA yield projections on a state by state basis, can Pro Farmer's announcement move the market?
In the overnight session the grains were mostly mixed with corn showing relative strength with a 3/4 cent gain. Soybeans slipped 5 1/4 cents lower and wheat fell another 4 cents. The U.S. dollar is trading down .6 percent and crude oil is off 41 cents. Pro Farmer will release its U.S. yield...[Read More]
Can Strong Export Sales Lift the Market?
Soybeans have been breaking into new lows recently as the weather continues to be optimal during its most critical development stage. Can strong export sales help turn the grain around?
In the overnight session the grains traded mixed with December Corn up 2 1/2 cents, soybeans down 1 cent and wheat in Chicago up 4 cents. The U.S dollar is down .12 percent and crude oil is mostly unchanged.
Pro Farmer went through Iowa and Illinois on Wednesday and reported at the end...[Read More]
Grains Modestly Higher in Night Trade
Crop Tour News shows Indiana's corn yield is down
Grains were modestly higher in night trade with corn and beans posting slightly better than a 1-cent advance, while wheat in Chicago and Kansas City was unchanged.
In soybeans, new-crop month November futures fell below the pivotal $9 mark in the night session reaching a low of $8.98,...[Read More]
Crop Tour Numbers Rolling In
Cody looks at the Pro Farmer crop tour numbers as well as what keeps driving soybeans lower.
Can Pro Farmer Findings Lift Corn?
Yields are highly variable in the eastern grain belt due to the excessive moisture early on in the season. Can Pro Farmer's yield estimate support corn prices?
In the overnight session the grains were mixed with corn unchanged, soybeans down 7 cents and wheat down ¾ of a cent. The U.S. dollar is trading .1% higher this morning and crude oil has slid 8 cents.The Pro Farmer results from day 1 showed strong South Dakota production with an estimated...[Read More]
Traders Eye NOPA Crush
Traders will be watching NOPA crush numbers scheduled for release this morning.
In the overnight session the grains moved higher with corn up 2 ¾ cents, soybeans up 2 ½ cents and wheat up 1 ¼ cents this morning. The U.S. dollar is relatively quiet but the Russian Rouble touched a 6 month low against the dollar today and crude oil is down 65 cents this morning. This...[Read More]
August 14th, 2015
Weekly Cash Comments
Weekly Cash Commentary for week ending 14 August 2015
USDA delivered a blow to grain markets this week with significantly higher production and yields than expected. Not only did futures markets plummet on the key news, but basis levels were moving lower following the report. US soybean basis was off 2 cents while corn basis was 1 cent lower....[Read More]
Grain Bounce Stops in the Overnight
The grains turned lower in the overnight with little bullish on the horizon. Weather continues to look optimal and Wednesday's WASDE report will most likely continue to pressure grains lower over the next couple weeks.
The grains rebound from the lows printed on Wednesday came to a halt last night and reversed with corn down 3 1/4 cents, soybeans down 11 cents and wheat down 2 3/4 cents. The U.S. dollar is trading down .12 percent and crude oil is down 13 cents this morning. Egypt’s GASC purchased 175,000...[Read More]
Grains Bounce After Hard Selling On Wednesday