The grain markets are mixed this morning with light trade volume expected on this holiday shortened trade session.
In the overnight session corn traded ¼ cent higher, soybeans is down 4 cents and wheat in Chicago is down 3 ½ cents. The market closes early today at 12:00 CST today and will reopen at 8:30 CST on Friday morning.
The wheat market has priced in the effects of a Russian export duty last week, but talks of cold temperatures with limited snow cover over the next two weeks has traders on edge.
The markets were mostly mixed in the overnight session with corn down ¼ cent, soybeans down 4 cents on the January contract and wheat up 3 ¼ cents higher. The U.S. made a wheat sale to Taiwan for 78,320 metric tons of milling wheat for delivery between February and March 2015....[Read More]
The wheat market is trading higher again this morning with more news out of Russia that it will introduce an export duty. The restrictions of exports has been largely factored into prices so be wary any immediate move higher this morning.
Corn and soybeans are trading lower by ½ a cent and 3 cents respectively, while wheat is trading up 3 ¼ cents on more export news out of Russia. A reportable sale of 166,600 metric tons of corn was reported this morning to be delivered to unknown destinations for the 14/15 marketing year....[Read More]
Grain markets found heightened volatility this week
Grain markets found heightened volatility this week with corn futures posting gains while soybeans traded lower. In the cash market, basis for both corn and soybeans were unchanged on average across the country this week, but that masks a fair amount of movement by end users and exporters....[Read More]
Grains fell sharply in the overnight session with wheat leading the slide lower on a 19-cent decline. This follows yesterday’s 24-cent fall from its high on the March contract of 6.77. For corn, prices were off 6 cents in the night trade while beans fell 7 cents.
Tune into GrainTV to hear about export sales and whether or not we are on pace to meet USDA expectations. Cody and Kevin discuss some tools wheat producers can use to start protecting these higher prices.