What Surprise will the February USDA Report Hold?
Here are the analyst expectations for the February WASDE report and what traders will be paying close attention to.
In the overnight session the grains turned negative with corn down 1 ½ cents, soybeans down 2 ¼ cents and wheat down 3 ½ cents on the week. The dollar index is trading higher this morning and crude oil is trading slightly lower. This morning at 11 AM CST the USDA will release their February...[Read More]
Grains Trade Slightly Higher
Today Cody discusses export expectations, ending stock expectations, and South American production. Tune into tomorrow for a break down of the USDA Supply and Demand Report.
USDA Report Expectations
Will tomorrow’s USDA Supply and Demand report move the market? Here are the expectations.
In the overnight session corn soybeans and wheat are all trading slightly lower with corn down 1 ½ cents, soybeans down 1 ¼ cents and wheat down 3 ¼ cents. The U.S. Dollar index and crude oil are both trading higher this morning. Today the market will be positioning for the release of the...[Read More]
Weekly Wrap Up
Tune in for a review of Tuesday's rally and hear Cody break down nationwide basis changes.
Weekly Cash Comments
Weekly Market Wrap Up February 06, 2015
Grain basis was mostly stronger on the week even with futures prices trying to rebound off of recent lows. For the week ending February 5, spot corn basis was up 1 cent a bushel while spot bean bids advanced 2 cents on the week.
For corn, the action in basis continues be mostly playing out...[Read More]
Grains were higher in the Overnight
Wheat led the advance while corn and soybeans also came in higher.
Grains were higher overnight led by wheat which posted a 5-cent advance; corn was up 2 while soybeans came in 3-cents higher.
Wheat has found continued support thanks to news Egypt’s GASC may be in the market for US-only SRW wheat. However, the decision to buy US-only wheat may not be...[Read More]
Export Sales Helping Grain Prices?
Tune in to hear Cody break down the export sales report and discuss Egypt wheat tenders.
Are todays export sales enough to fuel higher prices
Export sales this morning were mixed, will they be enough to fuel higher prices?
In the overnight session corn is up 1 ¾ cents, soybeans is up 5 ¼ cents and wheat is trading 5 cents higher.
Export sales were mixed this morning with soybeans booking 489,700 metric tons this week which was on the high side of analyst expectations. Soybean sales fell 35 percent week...[Read More]
Grains Slide Back
Cody discusses ethanol production numbers, export sales expectations and what drove the markets lower.
Grains Pause in a Slow overnight trade
Will grains continue to rise? Or is this a golden opportunity for producers to take advantage of sharply higher prices following Tuesdays rally?
In the overnight session corn is down 2 ¼ cents, soybeans are down 5 ¾ cents, but wheat has been able to hold onto overnight gains of 2 ¼ cents. The dollar index has found some support in the overnight and turned back higher while crude oil turned lower on news that crude stocks rose more...[Read More]