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March 19, 2013 | Grain Hedge Insights | Elise Schafer | Views: 290

Basis Along River Ticks Lower

Average soybean basis across the US was down 1 cent on account of declining river markets, while corn basis remained unchanged on the week.

Average soybean basis across the US was down 1 cent on account of declining river markets, while corn basis remained unchanged on the week.

Soybean plants gained one cent on the week but weakness along the river pulled basis lower throughout the country. Soybean basis at the gulf dropped 3 cents which negatively impacted terminals along the river. Terminals along the Ohio River were affected most and declined by an average of 4 cents since last Thursday.

This week’s average U.S corn basis remained unchanged despite the gulf moving 2 cents lower and the rest of the river declining by an average of ¾ of a cent. The rally in the futures market since last Thursdays lows helped improve farm selling and capped basis from advancing higher. 

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Acreage Expectations

June 30, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains were mixed with corn up 1 cent, soybeans down 5 3/4 cents and wheat down 1 1/4 cents. The U.S. dollar is trading 1/2 a percent higher and crude oil is trading up 24 cents. Two major USDA reports will be released at 11 AM CST including the Planted Acreage...

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All eyes on Tuesday’s USDA Reports

June 29, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session, the grains traded higher with corn up 5 1/2 cents, soybeans up 3 3/4 cents and wheat up 9 cents by the pause of trade this morning. The U.S. dollar is up only a fraction of a percent and crude oil is down 71 cents. All traders in long July grain contracts will need...

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Grains Rally Sharply

June 26, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains traded sharply higher with corn up 10 1/2 cents, soybeans up 19 1/2 cents and wheat up 26 3/4 cents this morning. Wheat has broken through resistance which hovered around $5.36 3/4 and is building momentum to the upside, soybeans has been above its 100...

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