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]
Did Grain Prices Fundamentally Change?
Cody breaks down today's move and weighs in on what he thinks is the best way to react.
Wheat conditions mixed across the Plains
The state level winter wheat conditions reports showed mixed conditions by state. Light snow cover and lack of precipitation damaged some states while others managed to improve crop conditions over last month.
In the overnight session the grains bounced sharply with corn up 4 ½ cents, soybeans up 11 ¼ cents and wheat up 6 ¼ cents after falling during yesterday’s trade session. Precipitation is still expected in the northern part of Brazil’s growing region which will help reduce some of the dry...[Read More]
GrainTV February 2, 2015
Corn unchanged, Soybeans down one and a quarter and wheat Chicago shedding nine and a half cents
Corn unchanged, Soybeans down one and a quarter and wheat Chicago shedding $0.095
Monday Morning Bounce
Thursday and Friday prices had a hard time breaking lower and holding their levels. Will prices bounce this morning?
In the overnight session the grains turned higher with corn up 2 ¼ cents, soybeans up 3 cents and wheat in Chicago up ¾ of a cent. A reportable sale of 132,600 metric tons of corn was sold to Mexico which was primarily made up of old crop corn.
Will Crops Find a Bottom Next Week?
Today Cody discusses weekly basis changes and gives his predictions for price changes next week.
Weekly Cash Comments
Cash Comments for week of 30 January 2015
The futures market slide 12 ¼ cents for soybeans and 8 ½ cents for corn but despite the sharp slide in prices, basis remained for the most part steady increasing only a penny for soybeans and 1 ½ cents for corn.