Export Sales Support Bounce in Grains
The export sales helped support the bounce in the grain complex after showing better than expected corn and soybean sales.
In the overnight session we have seen some buyers come back into the market with corn up 4 ½ cents, soybeans up 6 ½ cents and wheat in Chicago up 4 ¼ cents. Yesterday, corn and soybeans both found some support with soybeans dipping below $10 during the day but closing the session at 10.10 ¾....[Read More]
Grains Continue to Feel Pressure from Monday’s WASDE
Cody discusses the continued effects of the recent WASDE report as well as what is behind relatively strong ethanol production. Tomorrow Informa and export sales numbers will be released. Tune in for the full brief.
Grains Continue Slide in the Overnight
The grains continue their slide in the overnight in the wake of heavy fund selling during yesterday’s trade session.
The grains continued their selling in the overnight after a sharp day lower caused by significant fund liquidation. Going into the morning pause in trading corn is down 6 cents, soybeans is trading down 6 cents and wheat is 5 ¾ cents lower. March soybeans has broken through $10 and currently...[Read More]
Grains Trade Lower
Tune in to hear Cody discuss what factors moved the market lower today as well as what traders should be paying attention to as the week closes.
So Where Do Prices Go From Here
After four major reports were released onto the market yesterday many producers are wondering where prices will go from here.
In the overnight session the grains bounced with corn up 3 ¼ cents, soybeans were up 7 ¼ cents and wheat trading 10 ½ cents higher going into the morning pause. This morning's trade session should be supported by a nice export sale of 105,000 metric tons of old crop corn sold to unknown...[Read More]
Big Reports Today
Many important reports were released today. Tune in to hear Cody dissect the reports and discussed how this week's market might be affected.
January Report Expectations
The grains are eyeing the USDA's four major reports scheduled for release at 11 AM CST. Here are the expectations.
In the overnight session corn is trading down 3 ¾ cents, soybeans is down 4 ¾ cents and wheat is down 2 cents. This morning all eyes will be focused on the four major USDA reports scheduled for release at 11 AM CST.
Report Expectations For Monday
Tune into GrainTV to listen to Cody and Kevin break down the analyst expectations for this report. Kevin discusses the cash market changes this week. Don't miss this episode.
Weekly Cash Comments
Corn basis was unchanged for the week on average across the US while soybean basis improved a modest one-cent a bushel.
Ethanol production fell for the 2nd straight week as a normal seasonal decline starts to take hold. Although ethanol fuel prices have come down sharply in response to lower gasoline prices, DDG prices have moved higher helping to keep ethanol margins propped up.
Expectations for Reports on Monday
With the market eyeing the report on Monday here are the expectations for crop production and ending stocks.
In the overnight session the grains are mostly mixed with corn up 2 ¾ cents, soybeans trading 1 ¾ cents lower and wheat down by ½ a penny. Trade will be heavily focused on the reports scheduled for release at 11 AM CST on Monday. Below are expectations for Mondays report.
For the crop...[Read More]