Grains Head Lower in the Overnight
Markets seemed poised to turn to the reality of the fundamentals.
Grains head lower overnight with soybeans taking the biggest hit giving up 20 cents. In outside markets, crude oil recovered from yesterday’s losses while equity futures had a slightly weaker tone in the night session.
Weekly Export Sales Numbers
Wheat has Blown thru Some Key Levels
The wet conditions continue to hamper operations in NE Arg but dries in the
SW part of the country with some harvest resuming next week.
Underlying Factors of the Soybean Rally
Soybeans Weak in the Overnight Session
In crude oil, prices were off about $0.80 a barrel overnight
Soybeans were weaker overnight following yesterday’s 30-cent advance while wheat and corn held onto modest gains.
Will This Be a Short Lived Jump for Beans?
Corn and Soybeans Higher Overnight
Crude Oil continues to find support
Corn and soybeans were higher overnight while wheat gave up some of yesterday’s impressive gains. In outside markets, crude oil continued to find support from a Kuwait oil strike while silver reached its highest mark in a year.
Wheat Exports Lag Behind Expected Pace
Soybeans Rose for a Sixth out of Seven Sessions
In outside markets, Oil was off sharply
Grains were mixed overnight with soybeans advancing to fresh 8-month highs and wheat also posted positive gains. Corn was flat in early trade. In outside markets, oil was off sharply but recovered from early losses of over a $2 a barrel slide on Sunday following the failed oil minister...[Read More]