Weekly Cash Comments
Grain markets found heightened volatility this week
Grain markets found heightened volatility this week with corn futures posting gains while soybeans traded lower. In the cash market, basis for both corn and soybeans were unchanged on average across the country this week, but that masks a fair amount of movement by end users and exporters....[Read More]
Grains fell sharply in the overnight session
Wheat leads the slide with a 19 cent decline
Grains fell sharply in the overnight session with wheat leading the slide lower on a 19-cent decline. This follows yesterday’s 24-cent fall from its high on the March contract of 6.77. For corn, prices were off 6 cents in the night trade while beans fell 7 cents.
Strong Export Sales Lift Grains
Tune into GrainTV to hear about export sales and whether or not we are on pace to meet USDA expectations. Cody and Kevin discuss some tools wheat producers can use to start protecting these higher prices.
Markets Up Sharply in the Overnight
The grains are trading sharply higher in the overnight session with strong daily export sales.
In the overnight session the grains are trading sharply higher with corn up 5 ¼ cents, soybeans up 7 ¼ cents and wheat up 15 ½ cents this morning. This morning we saw large single day reportable sales of 126,000 metric tons of corn to unknown destinations, 1.5 million metric tons of soybeans...[Read More]
Should Producers Price Some Wheat Now?
Tune into GrainTV and hear what Cody thinks wheat producers should do with this rally.
Wheat Moves Higher On Talk of Russia
Wheat prices continue to climb as the market monitors the effect of certain restrictions that have been imposed by the VPSS.
In the overnight session corn, soybean and wheat are all trading higher. Corn improved 3 ¼ cents, soybeans is up 3 ½ cents and wheat is trading 13 ½ cents higher this morning. The wheat market is continuing focus on the developments in Russia as yesterday’s announcement that the Veterinary...[Read More]
Soybean Slide as Demand Numbers Fail to Impress
Cody discusses the movement in corn, soybeans and wheat and what caused the decline in soybean prices. Cody discusses the situation in Russian and how that is impacting the U.S. Wheat market.
Russia Aims to Lift Grain Prices
Russia is looking to purchase grain for domestic stocks to help lift prices.
Corn and soybeans are trading lower this morning with corn down 2 ¾ cents, soybeans down 9 ¾ cents and wheat trading 6 ¾ cents higher. Wheat continues its move higher as Russian policy aims at curbing exports.
NOPA Crush Numbers Disappoint
The NOPA crush numbers were released at 11 CST and came in below the average guess. Tune into GrainTV to see what else was moving the market.
Grains start the week in mostly positive territory
Grains started the week in mostly positive territory with soybeans advancing 5 cents while corn was up 3. Wheat was fractionally lower in the night trade.
Corn was bolstered in the night session after Friday’s announcement by Syngenta that it was close to approval by China for its MIR...[Read More]
Grains Trade Higher to Close the Week[Read More]
Geo Grain Commentary
Higher futures prices and aggressive farmer selling helped keep soybean basis unchanged for the week, while US average corn basis rose 2 cents a bushel.
For soybeans, river terminals were hard hit this week slipping 5-cents a bushel as weakness at the Gulf combined with an uptick in...[Read More]
Grains extended their gains in the overnight session
Grains extended their gains in the overnight session with front-month March wheat futures climbing above $6 a bushel but hitting resistance at $6.10. Corn and soybeans were also up posting 5 cent advances at the end of the night trade.[Read More]
Strong Export Sales[Read More]
WASDE Out Today[Read More]
Feed & Grain Announces Harvest 2014 Photo Contest
Many grain handlers are facing serious storage challenges, but if there’s one thing this industry isn’t short on, it’s innovation and resourcefulness.[Read More]
Will we see new highs in tomorrow’s trade?
Cody discusses WASDE expectations and what that could mean for the market. He also looks at what to expect from South American crop production.[Read More]