Grains were Higher than Soybeans and Weekly Export Inspections
Crude hit its highest mark since last October
Grains were higher this morning with soybeans reaching new heights on the rally, briefly getting close to $11 a bushel on front-month July futures. In outside markets, crude oil was also chartering fresh ground eclipsing $50 a barrel, its highest mark since last October.
Why We’re Looking at Potentially Higher Corn Prices
Grains Start the Day in Positive Territory
Crude Oil added to yesterday's gains
Grains were in positive territory to start the day with soybeans leading on a 10-cent advance. In outside markets, crude oil and equity futures continued to add to yesterday’s gains.
U.S. Holding Its Own Against South American Grains
Grains Moved Lower Overnight
US Dollar was stronger...
Grains moved lower yet again overnight with soybeans continuing their sell-off reaching their lowest mark since the May 10 crop report. In outside markets, the US dollar was stronger as was equity futures and crude oil.
How Much Longer Can Soybeans Hold Their Current Prices?
Grains Start the Week in Negative Territory
Crude Falls Yet Again
Grains started the week in negative territory with soybeans facing the biggest brunt of the selling pressure. In outside markets, crude oil fell for a 4th consecutive session and equity futures were steady to weaker in early trade.
Weekly Cash Comments
Weekly Cash Commentary for week ending 05/20/2016
Corn basis was unchanged on the week while soybean basis firmed nearly two cents a bushel.
Grains Find Strength Overnight
Equity Futures were also Higher
Grains found strength overnight with soybeans leading the complex higher while corn and wheat followed with more subdued gains. In outside markets, equity futures were higher while crude oil and the US dollar were mostly steady.