Grains Start the Week in Negative Territory
Crude Falls Yet Again
Grains started the week in negative territory with soybeans facing the biggest brunt of the selling pressure. In outside markets, crude oil fell for a 4th consecutive session and equity futures were steady to weaker in early trade.
Weekly Cash Comments
Weekly Cash Commentary for week ending 05/20/2016
Corn basis was unchanged on the week while soybean basis firmed nearly two cents a bushel.
Grains Find Strength Overnight
Equity Futures were also Higher
Grains found strength overnight with soybeans leading the complex higher while corn and wheat followed with more subdued gains. In outside markets, equity futures were higher while crude oil and the US dollar were mostly steady.
Why Grains Were on the Defense Today
US Dollar Continues it’s Rally Overnight
Grains were weaker overnight
Grains were weaker overnight as strength in the US dollar continued to weigh on all commodity markets especially crude oil which was off over a $1 a barrel.
What Corn Will Need to Stay Above $4
Grains were Weaker Overnight
US Dollar was Higher
Grains were weaker overnight, led by soybeans. In outside markets, the US dollar was higher while equity futures came under pressure.
Corn Continues to Drive Higher
Crude Oil Up in the Overnight Session
Grains were mixed with soybeans higher and corn lower.
Grains were mixed overnight with soybeans higher and corn lower. Wheat was nearly unchanged. In outside markets, crude oil was higher but off of its highs at $48.40 while equities and the US dollar were mostly directionless.