Can export sales lift corn?
Export sales were positive this morning with strong old crop corn sales and a reportable sale announced early this morning.
In the overnight session the grains are trading higher, with corn up 1 1/2 cents, soybeans up 1 1/4 cents and wheat up 3 cents. The U.S. dollar is lower by 1/10th of a percent and crude oil is 48 cents higher. This morning a reportable export sale was announced for 152,400 metric tons of old...[Read More]
Ethanol Production Jumps
Ethanol production smashes through 2013 levels. Positive export sales are expected for the new crop grains.
GrainTV: Grains Find Resistance Today
Cody looks at what drove the market lower and export inspections
GrainTV looks at what drove the market lower and export inspections
Cooler Temperatures Could Shock the Wheat Market
Cody reviews the fundamentals that moved the wheat market higher and planted progress.
Corn Basis Softens
Fundamentally, the grain market didn't see many changes. However, there are upcoming events that demand attention. Cody reviews these as well as weekly basis changes. Don't miss today's episode.
Weekly Cash Comments
Weekly Cash Commentary for week ending May 15
Corn basis was mostly unchanged for the week with US average basis levels stagnate. However, a late week increase in futures prices but cash corn basis levels on the defensive. For soybeans, basis levels posted a modest 1-cent a bushel advance as nearby futures prices gave up 18 cents on the...[Read More]
NOPA numbers to be released mid-morning
Traders are anticipating NOPA crush numbers which are scheduled for release at 11 AM CST.
In the overnight session the corn traded a 1/4 cent higher, soybeans traded 2 cents higher and wheat in Chicago fell 2 1/4 cents. Wheat traded sharply higher in yesterday’s session fueled by rapid short covering and is now close to its 100 day moving average at 521 3/4 which will most likely...[Read More]
Wheat Rallies Sharply
Cody gives an expert analysis of what moved the wheat market today as well as a break down of the export sales report.
Can Export Sales Lift the Markets?
Export sales were released this morning revealing lackluster demand.
In the overnight session the grains moved higher with corn up 2 3/4 cents, soybeans up 1/4 cent and wheat up 8 1/4 cents. The dollar index continues to move lower this morning following yesterday’s April retail numbers. Crude oil is down 30 cents this morning trading around the $60 mark.