March 23, 2015 | Grain Hedge Insights | Cody Bills | Views: 125

Grains Higher on Falling Dollar

The grains are trading higher today as the dollar continues its slide following the FOMC meeting that removed the chance that the first rate hike would occur in June.

In the overnight session the grains moved higher with corn up 4 1/2 cents, soybeans up 6 3/4 cents and wheat up 6 1/2 cents going into this morning’s pause in trade. The U.S. dollar is pulling back this morning continuing the sell-off on Friday. Corn is currently trading at $3.89 near its 50...

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March 20, 2015 | Grain Hedge Insights | Cody Bills | Views: 187
March 20, 2015 | Grain Hedge Insights | Cody Bills | Views: 242

Weekly Cash Comments

Cash Commentary for week ending March 20

Grain futures came under pressure this week as US dollar strength and slow export business took its toll on the market. In the cash market, there was little movement in basis by grain buyers as a whole with U.S. average soybean basis unchanged for the week while corn basis gained only 1-cent...

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March 20, 2015 | Grain Hedge Insights | Cody Bills | Views: 149

Will we get a Friday rebound?

The grains positive over the night session as the dollar pushes lower.

In the overnight session the dollar pulled back slightly helping grains push higher. Going into the morning pause corn was up 2 1/4 cents, soybeans were up 3 1/4 cents and wheat was up 5 3/4 cents. Keep in mind that at 10:30 CST this morning Informa will release their latest crop planting...

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March 19, 2015 | Grain Hedge Insights | Cody Bills | Views: 237

Export Sales Breakdown

Cody goes in depth about why analysts are expecting a decline and flattening of export sales.

March 19, 2015 | Grain Hedge Insights | Cody Bills | Views: 112

Dollar Triggers Overnight Volatility in Grains

The U.S. dollar traded sharply lower following the FOMC minutes yesterday triggering the grains to jump in the first few minutes of the overnight session.

The overnight session saw significant volatility with the U.S. dollar selling off sharply following the FOMC statement and then recovering in the overnight to an index level of 99.20. Corn, soybeans and wheat all gapped higher in the opening 5 minutes of the night session and spent the...

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March 18, 2015 | Grain Hedge Insights | Cody Bills | Views: 117
March 18, 2015 | Grain Hedge Insights | Cody Bills | Views: 93

Grains Bounce Overnight

The grains recovered a couple pennies in the overnight after hard selling during yesterdays session that chart support levels broken.

In the overnight session the grains rebounded a bit after breaking through key support yesterday. The dollar index remains steady and crude oil has fallen a dollar overnight. Corn is up 2 1/4 cents, soybeans are up 6 cents and wheat is up 2 1/2 cents this morning. Today the FOMC statement...

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March 17, 2015 | Grain Hedge Insights | Cody Bills | Views: 162
March 17, 2015 | Grain Hedge Insights | Cody Bills | Views: 112

Traders Eye FOMC Meeting

The grains turned slightly lower in the overnight after selling yesterday in corn and soybeans. Wheat continues to benefit from short covering as traders focus on dry conditions in the Plains and western Russia.

The grains are trading lower in the overnight with corn down 2 cents, soybeans down 2 1/2 cents and wheat down 1 cent. The U.S. Dollar index is pulling back a fraction of a percent this morning and crude oil has slipped under $43 per barrel. Today marks the start of the FOMC meeting which...

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