Can Export Sales Lift Wheat?
Wheat export sales were stronger than expected this morning giving wheat a reason to end its 8 day price decline.
In the overnight session the grains moved slightly higher with wheat showing the largest rebound, up 5 ¾ cents. Corn is trading unchanged this morning and soybeans is up ¾ of a cent. The U.S. dollar is moving nearly 1/3 of a percent lower and crude oil is up 12 cents per barrel. Export sales...[Read More]
Lagging New Crop Sales
Tune in as Cody breaks down the charts for corn, soybeans, and wheat. He also looks to see how lagging new crop sales are effecting the grains.
Will Weather Turn Positive for Crops?
Will the weather over the next 10 days help overall crop development?
In the overnight session the grains traded lower again with corn down 5 ¼ cents, soybeans down 3 cents and wheat down 8 cents. The U.S. dollar is up 1/5th of a percent and crude oil 66 cents lower. Corn is trading just above the 50 percent retracement level at $4.09 from the rally that...[Read More]
Sustained Weather Premium for Crops
Cody reviews the charts for corn, soybeans, and wheat and looks at the upcoming weather outlook.
Crop Conditions Hold Steady
With the crop progress report out of the way, can grain prices hold their ground?
In the overnight session the grains traded mixed with corn down 2 cents, soybeans up 1 ¾ cents and wheat down 4 ¼ cents. The U.S. Dollar is lower by 1/5th of a percent and crude oil is up 14 cents this morning. This morning the USDA reported 110,000 metric ton sale of U.S. soybeans to...[Read More]
Continued Volatility for the Grains?
Tune in to hear Cody discuss grain technicals and conditions.
Grains Slide Lower In The Overnight
The grains slipped lower in the overnight trade session with crop conditions expected to be unchanged for corn and weather clearing for the eastern grain belt over the next 10 days.
In the overnight session the grains traded lower with corn down 8 ¾ cents, soybeans down 12 ¾ cents and wheat in Chicago down 10 ¼ cents. The U.S. dollar is trading a fraction of a percent higher and crude oil is unchanged on the day. This morning the Taiwan Flour miller’s Association issued...[Read More]
GrainTV: Will Lagging Export Sales Be Able to Match Expectations?
Cody reviews the export sales and weather outlook.
Cody reviews the export sales and weather outlook