Corn and Soybeans Gain in the Overnight
Gold hits its Highest Gain since May on Monday
U.S. corn gained 2.5 percent on overnight and soybeans gained almost 1 percent, with prices supported by concerns over a severe drought in Brazil and unseasonal rains in Argentina curbing global supplies.
Weekly Cash Comments
Weekly Cash Commentary for week ending 06/10/2016
Corn basis was off 1-cent on the week while US soy basis was down 3-cents for the week.
USDA Crop Report Releases Today
Report is expected to show higher wheat carryout
Grains were mixed overnight as traders await fresh input from USDA’s crop report at 11 am CDT today.
Exports Aren’t Enough to Offset WASDE Anticipations
US Corn Export Sales Above Expectations
Soybeans Continue their Gains
Soybeans gained for a fourth consecutive session overnight, trading close to a two year high as the market was affected by a forecast of a dry growing season. Crude oil was down on profit taking, following a third straight week of falling inventories.
Will the Bullish Support for Grains Last?
Soybeans Lead the Complex in the Overnight
In outside markets, Crude Oil was Higher
Grains were higher yet again with soybeans leading the complex on a 15-cent advance overnight. In outside markets, crude oil was higher while the US dollar was lower
What to Expect in the Wheat Market
Soybeans Advance in the Overnight
Crude Oil above $50 a Barrel
Grains were mixed overnight with soybeans advancing, and corn and wheat declining. In outside markets, crude oil got above $50 a barrel for the first time since May 26 while the US Dollar was mostly steady.
Where Potential Highs for Corn Lie
Kevin reviews weather and export inspections to see where corn prices may be headed.