Wheat Prices under Pressure
Wheat prices have come under pressure from increased precipitation throughout the plains, weak export sales and the possibility Russian export taxes being lifted after July 1st.
In the overnight session corn is down 3/4 of a penny, soybeans are up a cent and wheat is up 3 1/4 cents. The dollar is trading slightly higher this morning, now hovering at 97.640 while crude oil is trading down nearly a percent after news that OPEC’s production in March added to the...[Read More]
Grains to Trade Higher?
Cody speculates where corn, soybean, and wheat prices will go and reviews the export sales report.
Soybean Sales Beat Expectations
Export sales showed a stark contrast between wheat and soybeans this morning. Can yesterday’s NOPA crush numbers and this week’s export sales help propel soybeans higher into Friday?
In the overnight session corn and soybeans traded a relatively wide range but went into the morning pause mostly unchanged. Wheat increased 3 1/4 cents in the overnight and the U.S. dollar index continued its slide for the third straight day. Crude oil is also trading lower this morning off...[Read More]
NOPA Crush and Ethanol Reports
Wheat prices continue to fall as weather forecasts improve. Cody also discusses NOPA Crush and Ethanol Reports.
Soy Market Focused on NOPA Crush
The soybean market will be watching the NOPA crush numbers this morning with expectations for a record March soybean crush.
In the overnight session the grains were mixed again with corn down 2 cents, soybeans up 1 3/4 cents and wheat in Chicago up 3 cents. The NOPA crush numbers will be released at 11 AM CST this morning which is expected to show a record amount of soybeans crushed for the month of March....[Read More]
Wheat Continues to Trade Lower
Cody looks at the factors driving wheat prices lower and gives his opinion on whether soybeans will break their sell-off pattern.
Wheat Continues to Slide on Improved Weather
The wheat market continues to slide lower after weather has turned favorable for the drought stricken plains region.
In the overnight session the grains were mixed with corn up a penny, soybeans up 7 cents and wheat in Chicago down 2 1/4 cents. The June U.S dollar index is trading down slightly after trading over 100 during yesterday’s session. Crude oil is trading up 3/4 of a percent. In the overnight...[Read More]
Wheat Drops After Weekend Precipitation
Rains fell over the weekend providing timely rains to a stressed winter wheat crop
In the overnight session corn traded down 2 cents, soybeans traded up 1 1/4 cent and wheat traded down 14 3/4 cents this morning on timely rains over the weekend that lowered concerns of serious crop damage from the dry conditions developing across the panhandle, western Oklahoma and western...[Read More]
Weekly Wrap Up
Cody speculates what next weeks NOPA Crush report will look like and discusses weekly basis changes.