Can Corn Hold Support?
The corn market is trading next to a critical price level which has acted as support multiple times since January.
In the overnight session the grains traded slightly lower with corn down 1/2 a cent, soybeans up 3 cents and wheat down 3/4 of a cent. The outside markets are somewhat positive this morning with the Mini S&P up nearly a percent, the U.S. dollar index up .38 percent and crude oil down $.64...[Read More]
Will Corn Continue to Move Lower?
Cody reviews the world news and yield forecasts to see whether or not corn prices will continue to decline.
Soybeans Pressured By Negative Manufacturing News Out of China
The soybean market is being pressured this morning by negative manufacturing news out of China which has triggered a selloff throughout the Global market.
In the overnight session the grains traded lower with December corn down 4 cents, November soybeans down 8 1/4 cents and December wheat up 2 cents. The outside markets are sharply lower this morning with the Dow down 2.5 percent and crude oil down $2.13 dollars after surging $4.00 higher...[Read More]
Continued Strength out of Soybean Conditions
Cody looks at crop conditions and the yield reports to see where corn and beans stand.
Can the Grains Recover?
The grains are moving lower early in the week, but can late growing season weather help lift them out of their lows?
In the overnight session the grains are trading lower with corn down 2 1/2 cents, soybeans down 9 1/4 cents and wheat down 4 1/2 cents by the morning pause in trading. The outside markets are also trading lower with crude oil down $1.20, the U.S. dollar down .22 cents and the mini Dow Jones...[Read More]
Improving Yield Potential for Beans?
Planalytics yield forecasts are compared to the USDA and Pro Farmer. Tune in for a full break down of crop yield potential.
Weekly Cash Comments
Cash Commentary for week ending August 28, 2015
Grain basis was mixed again this week with corn basis gaining 1.5 cents a bushel, while soybean basis gave up 4 cents on average across the U.S.
Grains pressured by positive weather outlook
The grains continue to be pressured by a positive weather outlook, higher global production and economic concerns out of China.
In the overnight session, the grains inched higher with corn up 1 1/4 cents soybeans up 5 cents and wheat up 1 cent. The U.S. dollar is trading mostly unchanged and crude oil is down 46 cents. The EU cut its corn production forecast this month to 58.7 million metric tons from 65.5 million...[Read More]