May 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 285

Weekly Cash Comments

Cash commentary for week ending May 29

It was another week lower in the grain futures markets as the prospects of another bumper crop this fall keep prices on the defensive. In the cash market, basis levels only showed modest improvement for soybeans, which gained 1-cent a bushel while corn basis was unchanged for the week.

For...

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May 29, 2015 | | Views: 284

Chart of Note: Colombia On Track To Again Fill Duty-Free Quota Before Year’s End

The large increase in the past two years was made possible by both greater availability and the U.S.-Colombia free trade agreement

Chart of Note: Colombia On Track To Again Fill Duty-Free Quota Before Year’s End
This chart illustrates that Colombia is importing a similar amount of U.S. corn in the first four months of this calendar year as compared to last year and will likely exhaust its duty-free quota soon. Courtesy of the U.S. Grains Council

This week’s U.S. Grains Council’s Chart of Note illustrates that Colombia is importing a similar amount of U.S. corn in the first four months of this calendar year as compared to last year and will likely exhaust its duty-free quota soon.

May 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 207

Can exports lift soybeans?

Export sales continue to outperform for soybeans late in the marketing year.

In the overnight session the grains were mixed with corn up 2 1/2 cents soybeans down 1/2 a cent and wheat down 1 1/2 cents. The U.S. dollar is mostly unchanged with crude oil 74 cents higher. Rains are likely to continue in the southern plains over the next few days and then a drying trend...

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May 28, 2015 | Cody Bills | Views: 547
May 28, 2015 | Grain Hedge Insights | Cody Bills | Views: 261

Will Wheat Bounce?

After a hard two days of selling is the bounce off of yesterday’s lows sustainable?

In the overnight session the grains traded higher with corn up 3/4 of a penny, soybeans up 3 cents and wheat in Chicago up 3 3/4 cents. Yesterday wheat continued trading lower throughout the better part of a day but bounced off support and closed 6 1/2 cents off its intraday lows. Both $4.84...

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May 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 212
May 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 184

Can wheat find some support today?

The wheat market continued lower this morning with continued pressure from the rising dollar.

In the overnight session corn is trading down 1 3/4 cents, soybeans are up 3 cents and wheat is down 8 cents going into this morning’s pause. The U.S. dollar is higher again this morning by .35 percent on continued worries out of Greece and the Euro zone. Crude oil is trading down 9 cents.

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May 26, 2015 | Grain Hedge Insights | | Views: 306

Strength in the U.S. Dollar Pushes Grain Prices Lower

Cody looks at the continuing falling of grain prices, positive export inspections, weather and planting progress.

Strength in the U.S. Dollar Pushes Grain Prices Lower

Cody looks at the continuing falling of grain prices, positive export inspections, weather and planting progress

May 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 188

US dollar up sharply

The US dollar is trading sharply higher this morning putting pressure on the grain complex.

In the overnight session the grains are trading lower with corn down 2 1/4 cents, soybeans down 1 cent and wheat down 4 3/4 cents. The U.S Dollar is trading up over a percent this morning and crude oil has slipped 68 cents.  Japan is seeking to buy 100,262 metric tons of food quality wheat...

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May 22, 2015 | Grain Hedge Insights | Cody Bills | Views: 292

Short Covering Rally

Cody reviews the overall downward trend from the grains and looks at where they might find support.

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