Grains Slipped Overnight Ahead of USDA Report
Crude Oil was Pushing Higher
Grains slipped overnight ahead of USDA’s crop report at 11 am CDT today. In outside markets, crude oil was pushing higher back into the mid $52 range while the US dollar was mostly steady.
Pre USDA Report Outlook
Soybeans Continue to Strengthen
Crude Oil Continues to Slip Lower
Soybeans continued to strengthen overnight while corn and wheat slipped lower following yesterday’s positive gains. In outside markets crude oil continued to slip lower hitting its lowest mark since December.
Grains Gain More Ground
Monday Saw Good Export Inspections
Grains Were Mildly Weaker in Overnight Trade
Grains were mildly weaker in overnight trade, while the US dollar surged to a one-week high.
Grains Start the Week Higher
Soybeans Shot Higher by a Dime
Grains were higher to start the week as soybeans shot higher by a dime in overnight trade while wheat and corn posted modest gains.
Grain TV Friday
Weekly Cash Comments
Weekly Cash Commentary for week ending 02/03/2017
Grain basis levels continue to be steady as ample farmer supplies and large commercial stockpiles are keeping basis levels in check.
Grain Markets Mostly Weaker
US Dollar Index Pushed above 100
Grain markets were mostly weaker as corn and wheat were in negative territory while beans was making a late session move back into positive ground.
Strong Exports for 2nd Week in a row