October 22, 2014 | Grain Hedge Insights | Cody Bills | Views: 101

Volatile Day in Chicago

Corn and Soybeans had a volatile day in Chicago on a Wednesday. Early in the trade session strength was observed across the sector but turned south at mid session and closed near lows.

October 22, 2014 | Grain Hedge Insights | Cody Bills | Views: 112

Grains Continue Higher in the Overnight

In the overnight session corn improved 2 cents, soybeans increased 12 ¼ cents and Chicago wheat increased 3 ¾ cents.

EXPORTERS SELL 419,000 TONNES U.S. SOYBEANS TO CHINA AND 113,000 T SOYBEANS TO UNKNOWN, ALL FOR 2014/15.

 

Soybeans surged another 12 cents higher in the overnight on very light news. A close above 972 ½ on the November 14 contract would be a strong technical signal that October’s price rally may have more gas in the tank. Bulls will point to strong export inspections and basis levels at the Gulf that have risen in the last 4 days for December delivered soybeans. The long term fundamentals of this market continue to point to lower prices when taking into account stocks/use for 2014/15 and the production outlook for South America. First notice day for November 14 futures is Friday, October 31st. If you need help rolling to January futures please contact our office.

 

This morning the Ukrainian Agricultural Ministry announced the country may export 11.76 million metric tons of wheat this marketing year compared to 9.2 exported last year. This year the countries wheat harvest increased 6.3% due to a higher number of planted acres and better yield. Currently the USDA has Ukrainian wheat exports pegged at 10 million metric tons in the October WASDE report which was unchanged from the previous report in September.

 

Over the last few days Chicago wheat and Kansas City wheat have been consolidating right around their 50 day moving averages which have acted as resistance. As more time passes around these levels the potency of the resistance will fade. If prices break out and move another leg higher, be cautious as we move right into the $6.20 resistance in Kansas City Wheat and the $5.42 resistance in Chicago wheat. 

October 21, 2014 | Grain Hedge Insights | Cody Bills | Views: 141
October 17, 2014 | Grain Hedge Insights | Cody Bills | Views: 239

Soybeans Take a Technical Break

Today we discuss the soybean technical environment and the morning's export sales report. Barge rates have backed off and we see river bids strengthen for soybeans and corn across the mid-west.

October 16, 2014 | Grain Hedge Insights | Cody Bills | Views: 277

Grains Bounce on Light News

Grains took another bounce higher today as fundamental news remains light. Today we discuss the technical outlook and ethanol production on GrainTV.

October 15, 2014 | Grain Hedge Insights | Cody Bills | Views: 303
October 14, 2014 | Grain Hedge Insights | Cody Bills | Views: 319

Grains Move Another Leg Higher

Corn and soybeans moved another leg higher today. Today we discuss the move and what prices may offer resistance to further gains. Crop progress was released after the closing bell, showing corn and soybean pace still lagging.

Grains Move Another Leg Higher
October 14, 2014 | | Views: 513

Mycotoxin Report:October 13

Mycotoxin Report:October 13

 

We are happy to announce the release of our new Monday Mycotoxin Report app for iPhone and Android users. If you would like to download the app and get weekly notifications of our videos, visit http://NeoMycoReports.mobapp.at

If you would like to participate in our report, please contact us at 1-800-234-5333 to learn how to get involved.

To learn more about Neogen's integrated myxotoxin monitoring program, visit http://www.neogen.com/FoodSafety/pdf/ 

October 10, 2014 | Grain Hedge Insights | Cody Bills | Views: 384

USDA Sends Corn and Soybean Futures Lower

Today we discuss the October USDA report, released this morning at 11:00 AM central time. First glance made this report look neutral to slightly bullish relative to trade expectations.

October 09, 2014 | Grain Hedge Insights | Cody Bills | Views: 329

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More Articles

Grains Continue Higher in the Overnight

October 22, 2014 | Grain Hedge Insights | Cody Bills

EXPORTERS SELL 419,000 TONNES U.S. SOYBEANS TO CHINA AND 113,000 T SOYBEANS TO UNKNOWN, ALL FOR 2014/15.

 

Soybeans surged another 12 cents higher in the overnight on very light news. A close above 972 ½ on the November 14 contract would be a strong technical signal that October’s price...

[Read More]