Conditions Improve for Soybeans
The crop conditions report showed soybean ratings improved over last week.
In the overnight session the grains traded higher with corn up 3 1/4 cents, soybeans up 10 1/2 cents and wheat up 3 3/4 cents. The U.S. dollar is down .20 percent this morning with crude oil up 88 cents. Corn and soybeans seemed to find some buying support during yesterday’s session with...[Read More]
Positive Signs for Crop Yield
Cody looks at the charts, weather, and world news.
Soybean Prices Dip Again
Soybean prices fell again on Monday as ideal weather is mostly positive for early august during a critical development period.
In the overnight session the grains traded lower with corn down 5 1/4 cents, soybeans down 8 3/4 cents and wheat down 5 1/4 cents. The U.S. dollar is trading .21 percent higher and crude oil is down nearly a dollar on news that China’s factory activity contracted the most in two years.
Soybean Basis Wars are Heating Up
Cody looks at weekly basis changes and a yield forecast for Planalytics.
Weekly Cash Comments
Cash Commentary for week ending 31 July 2015
Cash grain basis was mixed this week with corn basis up 2 cents a bushel, while soybean basis was off 2 cents a bushel.
In corn, basis levels were mostly firmer in Iowa and Nebraska as ethanol plants have bid higher in an interest to get more farmer grain after the recent sell off. In...[Read More]
Soybean Sales Cancellations
A cancellation of soybean sales this morning could continue to put pressure on the commodity as it struggles to rise above the 100 day moving average.
In the overnight session the grains traded mixed with corn up 1 3/4 cents, soybeans down 2 cents and wheat up 5 3/4 cents. Crude oil is trading down 69 cents and the U.S. Dollar has shed nearly 1 percentage point. Soybeans have struggled over the last two days to rise above the 100 day...[Read More]
Outstanding Export Sales Numbers
We are starting to see a pickup in export sales numbers but is it enough to catch up to the expected pace?
Grains Higher on Strong Export Sales
Strong export sales this morning helped lift the grains.
In the overnight session the grains traded higher with corn up 3 3/4 cents, soybeans up 10 1/4 cents and wheat up 5 1/2 cents this morning. The U.S. dollar is up nearly 1/2 a percent and crude oil is 29 cents higher. A reportable sale of 140,000 metric tons of old crop soybeans was announced...[Read More]
Exceptional Hard Wheat Yields?
Analysts in the northern states are giving mixed yield forecasts for hard wheat. Cody dives into the implications of the report as well as corn and soybean technicals.
Keep an Eye Out for Basis Opportunities
With prices declining over the last couple weeks and soybeans approaching the end of the marketing year, how are you keeping an eye out for basis opportunities?
In the overnight session the grains traded slightly lower with corn down 5 1/4 cents, soybean down 3/4 of a cent and wheat trading down 5 cents this morning as nearly ideal Midwest weather continues to be the focus. December corn is now only 18 cents off the lows it printed on June 15th and...[Read More]