Markets Move Higher
The grain markets move higher this morning as traders prepare for the WASDE report scheduled out on Friday and as China equity markets stabilize.
In the overnight session the grains traded higher with corn up 2 3/4 cents, soybeans up 14 1/4 cents and wheat up 6 1/4 cents. The U.S dollar is up a fraction of a percent and crude oil is up $1.50. Traders will be positioning themselves for the July WASDE report which will be released out...[Read More]
Bullish News from the Grains
Worldwide news proved mostly bullish for the markets. Cody reviews ethanol production, export sales, and yield estimations.
Grains Mostly Steady
The grains were mostly steady to slightly lower this morning as China's Shanghai Index sells off sharply on Wednesday.
In the overnight session the grains traded marginally lower with corn down 1 cent, wheat down 5 1/2 cents and soybeans down 1 1/4 cents. The U.S. dollar is trading down 1/3rd of a percent and crude oil has fallen 21 cents. A reportable sale of 240,000 metric tons of new crop soybeans was...[Read More]
Improving Crop Conditions?
Cody takes a look at crop condition, planting pace, and next week's weather.
Grains Lower on Better than Expected Crop Conditions
Grains trading lower in the overnight session.
In the overnight session the grains are trading lower with corn down 6 3/4 cents, soybeans down 5 1/4 cents and wheat down 9 1/4 cents. The US dollar is trading nearly 1 percent higher and crude oil is up 8 cents.
Analysts were expecting corn good-to-excellent ratings to decline by 1...[Read More]
Monday Mycotoxin Report, July 6, 2015
Grains Sink on Greece Vote and Rain Reprieve
Grain markets came back from the holiday weekend in a selling mood with soybeans off 20 cents, wheat off 15 cents and corn down 10 cents.
Is There Any Hope for Midwest Crop Yields?
As we enter the long weekend, Cody looks at weather and export inspections.
Soybean sales missed export sales expectations showing net cancellations on the week.
In the overnight session the grains traded lower with corn down 2 1/4 cents, soybeans down 8 3/4 cents and wheat down 9 1/2 cents this morning. Crude oil is trading up 25 cents and the U.S. dollar is down nearly a quarter of a percent.
On Wednesday, the EIA ethanol production report...[Read More]