Grains Were Mixed in the Overnight
In wheat, prices have been battered down in the past 4 trade sessions on improved weather in key wheat growing regions around the globe.
Grains were mixed overnight with soybeans drifting lower while wheat and corn tried to hold on to modest gains. In outside markets, S&P futures were trying to take another run at the 2,100 mark while crude oil was trading lower.
Ethanol Production Down This Week
Ample Supplies Continue to Weigh Down Grains
Grains were modestly higher overnight with soybeans trying to lead a feeble recovery on a 2 cent advance.
Grains were modestly higher overnight with soybeans trying to lead a feeble recovery on a 2 cent advance. In outside markets, S&P futures and crude oil put up slight advances in the night session.
Wheat Drops for Third Straight Day
Corn and Soybeans posted small gains in the overnight.
Corn and soybeans posted small gains in the overnight session while wheat continued to dip for a third consecutive day. In outside markets, S&P futures extended Monday’s gains while crude oil was lower.
Corn found some support on Monday as a large export deal was announced by USDA that...[Read More]
NOPA Crush Shows Beans Lagging Behind
A quiet day of trading follows the attacks in France. The U.S. dollar continues to gain strength and exports feel the effect.
Losses in Sunday’s Overnight Session
Grains started the week drifting lower, with all three grain markets posting losses in Sunday’s overnight session.
Grains started the week drifting lower, with all three grain markets posting losses in Sunday’s overnight session. In outside markets, S&P futures were higher while crude oil found positive gains as well.
No Support from Export Market
Abysmal exports and a strong dollar aren't helping grain prices.
Weekly Cash Comments
Weekly Cash Commentary for week ending 11/13/2015
Grain basis continued to push higher this week although gains were more limited than last week. US average soybean basis added 3-cents a bushel while corn posted a 2-cent advance on the week.
Outside Markets Continue to Move Lower
This morning’s export sales report showed corn and wheat in line with trade expectations while soybeans came in above expectations.
Grains were mixed with little movement overnight as wheat finished the overnight session fractionally higher while soybeans gave up 3 cents and corn was unchanged. Outside markets continued to move lower with the S&P futures and crude oil futures lower.