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.
Continued Indications of a Large Soybean Crop
Conditions are right for a large South American bean crop. Kevin looks at the implications.
Weekly Cash Comments
Weekly Cash Commentary for week ending 12/11/2015
Grain basis was flat to weaker this week with corn unchanged while soybeans fell 1 cent a bushel.
Grains were Higher in the Overnight
Crude oil prices hit seven year lows on Friday
Grains were higher in overnight trade with soybeans leading the advance on a 3 cent gain while corn and wheat posted fractional improvements. In outside markets, the US dollar was lower as was the S&P futures and crude oil sunk to new lows.
Corn Exports Still Way Off Pace
Kevin takes a macro view of recent export trends and looks at what might affect them moving forward.
Quiet Trading in the Overnight
Yesterdays USDA report showed little change in carryout numbers for grains.
Grains were mildly weaker overnight in relatively quiet trade. In outside markets, the US dollar and S&P futures recovered some of their steep losses from Wednesday, while crude oil was slightly lower.
Weakening Dollar Isn’t Helping Bearish Expectations
Kevin looks at what to expect out of exports and why we still might see bearish trends.