Yesterday’s Trade Action in November Soybeans was Positive
Flash Sales This Morning
Yesterday’s trade action in November soybeans was positive after rebounding 8 ¼ cents off its low of 9.58 ½. Prices are now above Tuesday’s opening price and seems look like it wants to retest the most recent September 14th high of 9.78 ¼.
Overnight Session Shows Dec Corn Up and Soybeans Down
Latest Crop Progress Report Shows Corn is 7 Percent Harvested
In the overnight session the grains were mixed with December corn up 1 cent, November soybeans down ¼ cent and December Chicago Wheat up 2 ¼ cents.
Friday’s NOPA Crush Numbers Better Than Expected
Grains Head into Morning Break Slightly Lower
Friday saw NOPA soy crush estimates better than expected with 142.42 MB of soybeans crushed in August.
Weekly Cash Comments
Weekly Cash Commentary for week ending 09/15/2017
Grain basis was mixed throughout the country as the convergence of old-crop/new-crop marketing seasons begins to cause some shifting patterns in basis. On the week, US average corn basis was fractionally higher while soybeans lost 3 cents a bushel.
Grains Lower in the Overnight with Soybeans Giving Up 3 Cents
NOPA Crush Estimates To Be Released Today at 11 CST
Grains were lower overnight with soybeans giving up 3 cents after yesterday’s sharp 16 cent rally. Corn was also lower while wheat was unchanged going into the morning break.
Strong Number for Beans on Export Sales Report This Morning from USDA
Grains Found Buying Strength in the Overnight Session
Grains found a bit of buying strength overnight with beans and wheat leading the complex higher on 5 cent gains while corn lagged behind on a 2-cent advance.
Corn and Beans Advance in the Overnight Session
USDA Report on Tuesday Brought Bearish News to Grains
Grains were higher overnight with corn advancing 2 cents while soybeans and wheat added 4 cents.
Today’s USDA Report Expected to Show Only Minor Adjustments
Ahead of the USDA Report, Corn and Beans Were Off 1 This Morning
Grains went into the morning break with sideways trade action still the major theme. Ahead of the USDA report corn and beans were off 1 while wheat was up 1.
Grains Mostly Directionless to Start the Week
USDA Releases the Quarterly Stocks Report Tomorrow
Tomorrow brings new data from USDA with the release of the Quarterly Stocks report and USDA’s WASDE Report
Export Sales to be Released Tomorrow Due To Holiday
Grains Were Mixed in the Overnight Session
Due to the holiday this week, export sales have been pushed back a day and will be released tomorrow.