Strong New Crop Soybean Sale!
Export sales report was strong for corn and old crop soybeans, but a sale for new crop soybeans may help lift soybeans for the second straight day.
The grains shed a couple pennies in the overnight session with old crop corn down 2 cents, Chicago wheat down 1 cent, and august soybeans down ¾ of a cent. Expectations at the office here are for a continuation of yesterday’s bounce, but we are concerned that the upside potential will be...[Read More]
Grains Trade Higher Across the Board
Exports sales combined with oversold technical conditions helped to produce a snapback for corn, soybeans, and wheat today. We discuss the export sales, Argentina news, and ethanol production on today's GrainTV.
November Beans Ready for a Bottom?
Soybeans found some strength today on the new crop. Today we discuss NOPA crush numbers and where the new crop November contract could be headed.
Grains Bounce Back
Grains finally found some footing in today's trade. Today we discuss export inspections and crop progress numbers released after the market close.
WASDE Report Reaction
US world ending stocks pressure corn.
Old crop corn carryout was raised 100 million bushels, bringing 2013/14 carryout to 1.246 billion bushels. 2014/15 production was lower 75 million bushels as planted acres and harvested acres were lowered from the June report slightly. Yield was left unchanged at 165.3 bushels per acre. On...[Read More]
Will the July WASDE Report Help Grains Find a Bottom?
With the crop good-to-excellent ratings on soybeans at a 20 year highs, yield will likely be left alone from the June report.
How Far Can Soybeans Go?
Today Cody and Logan discuss the spread between old crop and new crop soybeans and what that could mean to the August soybean contract. They also dig into the expectations for Friday's WASDE report and talk about what that means to soybean demand.
Grains Trade Lower, USDA Report Friday
Watch Cody and Logan as they discuss the USDA report on Friday and where technical support lies for the November soybean contract.
Tunnel Vision Glasses
Expand your horizons to include a world market view
We all have our own set of eyes and ways of perceiving everything. We tend to get caught up in our own world and think that what's in front of us is all there is ... but this is completely untrue. This spring taught me that very valuable lesson. Mother Nature showed us her forces this year...[Read More]