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]
Abysmal Export Sales for Corn and Soybeans
Cody reviews the global news as well as whats needed to get export sales back on track.
Can Soybeans Rebound Higher?
Export sales, a rebound in the Chinese stock market and positive U.S. news helped lift soybeans early Thursday morning.
In the overnight session the grains are trading higher with soybeans leading the charge up 14 1/2 cents, corn up 1 1/2 cents and wheat up 3/4 of a penny. The U.S. dollar index is trading 1/2 a percent higher and crude oil is up $1.33. This morning exporters sold 130,000 metric tons of new...[Read More]
More Weakness in Chinese Demand?
As China's economic strength fades Cody looks at whether or not current demand for soybeans will be able to be sustained.
Global Markets Try to Rebound
Global markets will be a major influence on the grains as markets try to rebound after hard selling early on this week.
In the overnight session the grains traded lower with corn up 1 cent, soybeans unchanged and wheat up 1 1/4 cents this morning. The U.S. dollar is trading up .38 percent and crude oil is 34 cents higher this morning. This morning the U.S. stock market is expected to open higher after a rally...[Read More]
Selling Pressure Starting to Spur Export Sales
Cody reviews soybean and corn technicals and looks at the upcoming weather.
China Lowers Rates to Support Sliding Markets
China made a move to lower interest rates in an attempt to turn around a sliding market.
In the overnight session the grains are trading higher with corn up 5 cents, soybeans up 14 1/4 cents and wheat up 6 1/4 cents. The U.S. dollar is trading .76 percent higher and crude oil is up $1.17. After experiencing another sharp day of selling, China announced they were cutting interest...[Read More]
Global Markets Impact U.S. Grains
Cody breaks down the continued downtrend for soybeans and looks at positive crop progress numbers.
Macro Selling Pressures Corn Lower
The grains couldn't escape the selling that has left the Shanghai index down 8.49 percent at the close.
In the overnight session, the grains are trading sharply lower with corn down 10 cents, soybeans down 31 1/4 cents and wheat down 8 1/2 cents today. The U.S. dollar index is trading down 1.26 percent and crude oil is trading down $1.57 at $38.875 per barrel. This morning a global sell-off is...[Read More]
Soybean Prices Continue to Slide
Cody looks at why soybeans are continuing to slide and reviews the crop tour.