Can Pro Farmer Findings Lift Corn?
Yields are highly variable in the eastern grain belt due to the excessive moisture early on in the season. Can Pro Farmer's yield estimate support corn prices?
In the overnight session the grains were mixed with corn unchanged, soybeans down 7 cents and wheat down ¾ of a cent. The U.S. dollar is trading .1% higher this morning and crude oil has slid 8 cents.The Pro Farmer results from day 1 showed strong South Dakota production with an estimated...[Read More]
Traders Eye NOPA Crush
Traders will be watching NOPA crush numbers scheduled for release this morning.
In the overnight session the grains moved higher with corn up 2 ¾ cents, soybeans up 2 ½ cents and wheat up 1 ¼ cents this morning. The U.S. dollar is relatively quiet but the Russian Rouble touched a 6 month low against the dollar today and crude oil is down 65 cents this morning. This...[Read More]
August 14th, 2015
Weekly Cash Comments
Weekly Cash Commentary for week ending 14 August 2015
USDA delivered a blow to grain markets this week with significantly higher production and yields than expected. Not only did futures markets plummet on the key news, but basis levels were moving lower following the report. US soybean basis was off 2 cents while corn basis was 1 cent lower....[Read More]
Grain Bounce Stops in the Overnight
The grains turned lower in the overnight with little bullish on the horizon. Weather continues to look optimal and Wednesday's WASDE report will most likely continue to pressure grains lower over the next couple weeks.
The grains rebound from the lows printed on Wednesday came to a halt last night and reversed with corn down 3 1/4 cents, soybeans down 11 cents and wheat down 2 3/4 cents. The U.S. dollar is trading down .12 percent and crude oil is down 13 cents this morning. Egypt’s GASC purchased 175,000...[Read More]
Grains Bounce After Hard Selling On Wednesday
Grains Bounce in Overnight
The grains have been able to claw back some losses in the overnight, after sharp selling dominated the market following the UDSA report on Wednesday
In the overnight session the grains traded higher with corn up 3 cents, soybeans up 8 cents and wheat up 4 cents. The U.S. dollar is trading higher by .30 percent and crude oil is down 25 cents this morning. Grains traded sharply lower on the August Supply and Demand report which was...[Read More]
Grains Sharply Lower on Large New Crop Carryout
Report Day Expectations
The USDA Supply and Demand report is scheduled out at 11 AM CST. Below are some expectations.
In the overnight session the grains are mixed with corn up 3/4 of a cent, soybeans down 2 3/4 cents and wheat up 3 3/4 cents. The U.S. dollar index is down nearly 1 percent and crude oil is trading higher by 64 cents. China’s Yuan fell for a second day after policy makers took steps to lower...[Read More]
GrainTV -August 11th, 2015
GrainTV -August 11th, 2015