USDA Agricultural Outlook Forum shows lower soybean acreage
The USDA's Ag Outlook Forum lowered soybean acreage from 2014, will this lift soybeans?
In the overnight session corn traded down a penny, soybeans increased 5 cents and wheat fell 1 ¼ cents by the pause in trading. Corn is currently trading at $3.82 which is right on its 100 day moving average. Soybeans 100 day moving average hangs over prices at $10.07.
Rocky Day for the Grains
Egypt rejects all tenders for U.S. wheat only. There was strong feed usage this past week, Kevin discusses if this will last.
Can Soybeans Continue Higher?
The grains are trading slightly lower this morning after a positive day yesterday. Cold weather throughout the Midwest and an Egyptian tender has provided a bid under wheat.
In the overnight session corn traded down 2 ¼ cents, soybeans slipped 2 cents and wheat increased 1 ¾ of a cent. Be careful of soybeans hitting resistance during today’s trading session. We are currently trading near resistance from the lows of the soybeans channel that lasted from October...[Read More]
Strong Day for Beans
Cody and Kevin look at Export Inspections and NOPA crush numbers for answers to today's move higher.
Grains Sharply Higher Following a Long Weekend.
The grain markets rallied in the overnight session ahead of the NOPA crush report which is scheduled to be released later today.
The grains are trading higher this morning with corn up 2 ¼ cents, soybeans up 8 cents and wheat trading up a sharp 9 cents higher.
NOPA Soybean crush data is scheduled at 11 AM CST today. Analysts are expecting 162.673 million bushels which would be a decline from last month’s figures...[Read More]
NOPA Expectations and Basis Report
Kevin and Cody go over Tuesday's NOPA crush report expectations as well as the change in US basis over the last week
Weekly Cash Comments
Cash Commentary for week of 13 February 2015
Grain markets were mostly quiet this week with corn and soybean futures showing little directional bias. In the cash market, basis continued to firm with US average corn basis up 2 cents while soybeans were up 3 cents a bushel.
In corn, ethanol plants continue to show less basis strength...[Read More]
Markets Prep for Long Weekend
The markets are trading higher Friday morning as traders eye a three day weekend followed by NOPA crush numbers released on Tuesday the 17th.
In the overnight session the grains are trading higher with corn up 1 ½ cents, soybeans up 7 ¼ cents and wheat up 4 ½ cents going into the morning pause in trade. This morning it was announced that 110,000 metric tons of new crop soybeans was sold to China. The market will be closed on...[Read More]