Grains had Little Change in the Overnight
Crude oil is showing signs of a modest recovery
Grains were little changed in the overnight session in listless pre-holiday trading. In outside markets, crude oil, S&P futures and the US dollar index posted positive gains in the night trade.
Grains Continue to Trade in a Narrow Range
In outside markets, S&P futures and crude oil were modestly higher and the US dollar slightly weaker.
Grains continued to trade in a narrow range with only soybeans showing any sort of real directional bias in the night session. Soybeans were up 4 cents a bushel, while wheat was up nearly 2 cents and corn posted a fractional increase. In outside markets, S&P futures and crude oil were...[Read More]
Grains had Modest Gains in the Overnight
Wheat continues to struggle with competition overseas.
Grains posted modest gains overnight with soybeans leading the complex higher at one point up as much as 4 cents a bushel. In outside markets, S&P futures were sharply higher recovering from Friday’s sell off while crude oil was lower.
Weekly Cash Comments
Cash Commentary for week ending 12/18/2015
Grain basis was flat again this week with both corn and soybeans holding steady.
Soybeans Added to its Gains in the Overnight
Corn was mostly flat while wheat was modestly lower.
Soybeans added to its gains overnight, with front-month January futures trading above $8.80 for the first time in a week. Corn was mostly flat while wheat was modestly lower. In outside markets, the US dollar fell after two days of meteoric increases following the Fed interest rate hike,...[Read More]
Bullish Movement as Exports Come Down
Grains Weak in The Overnight
Outside markets continued to adjust to the interest rate hike announced yesterday by the Fed
Grains were weaker overnight as soybeans and wheat fell by around 5 cents, while corn hovered around the unchanged mark in the night session. Outside markets continued to adjust to the interest rate hike announced yesterday by the Fed, as the US dollar continued to strengthen, S&P futures...[Read More]
Grains Drifted Lower in the Overnight
Crude Oil was Sharply Higher which bolstered S&P Futures
Grains drifted lower overnight giving up most of the gains from Monday’s session. In outside markets, crude oil was sharply higher which bolstered S&P futures and sunk bonds.
Corn Nears a Key Resistance Level
Corn has been following a steady grind higher. The next few days may set the stage of where corn in headed in the long run.
Grain Markets Mixed in the Overnight
Crude Oil starts the week in a Bearish Mood
Grain markets were mixed overnight in narrow trade with corn and wheat fractionally higher and soybeans trading lower. Crude oil started the week in a bearish mood, losing another $1 a barrel and hitting fresh 7-year lows while S&P futures were modestly lower.