May 22, 2015 | Grain Hedge Insights | Cody Bills | Views: 188

Weekly Cash Comments

Cash Commentary for week ending May 22nd

Basis levels for corn were off 1 cent for the week adding to the previous week’s losses, while soybean basis managed a 2-cent advance thanks to a sharply lower week on the futures market.

 

For corn, there was modest weakness along the river markets this week with a 3-cent loss at the Gulf...

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May 22, 2015 | Grain Hedge Insights | Cody Bills | Views: 107

Wheat continues short covering correction

The wheat market continues its short covering correction higher this morning after four days of pause and consolidation near the 100 day moving average.

In the overnight session the grains traded higher with wheat leading the way up 4 3/4 cents, corn traded up 1 3/4 cents and soybeans up 1/4 cent. The U.S. dollar index is trading about a 1/4 percent higher this morning and crude oil is down 58 cents.

 

Yesterday, Agroconsult raised its...

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May 21, 2015 | Grain Hedge Insights | Cody Bills | Views: 161
May 21, 2015 | Grain Hedge Insights | Cody Bills | Views: 127

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...

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May 20, 2015 | Cody Bills | Views: 184

Ethanol Production Jumps

Ethanol production smashes through 2013 levels. Positive export sales are expected for the new crop grains.

May 19, 2015 | Grain Hedge Insights | Cody Bills | Views: 231
May 18, 2015 | | Views: 167
May 15, 2015 | Grain Hedge Insights | Cody Bills | Views: 199

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.

May 15, 2015 | Grain Hedge Insights | Cody Bills | Views: 212

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...

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May 15, 2015 | Grain Hedge Insights | Cody Bills | Views: 216

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...

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