Macro Selling Pressures Corn Lower
The grains couldn't escape the selling that has left the Shanghai index down 8.49 percent at the close.
In the overnight session, the grains are trading sharply lower with corn down 10 cents, soybeans down 31 1/4 cents and wheat down 8 1/2 cents today. The U.S. dollar index is trading down 1.26 percent and crude oil is trading down $1.57 at $38.875 per barrel. This morning a global sell-off is...[Read More]
Soybean Prices Continue to Slide
Cody looks at why soybeans are continuing to slide and reviews the crop tour.
Weekly Cash Comments
Cash Commentary for week ending 21 August 2015
Divergence was the game this week, as corn and soybean prices continued to move in opposing directions. Corn managed a 7 cent advance in futures while cash basis levels were firmer by 1 cent a bushel, but beans couldn’t shake their negative fundamentals giving up 9 cents on the board and 4...[Read More]
Will Pro Farmer Yield Estimates Lift Corn?
Pro Farmer is set to release its yield forecast for the U.S. after the close of trade today. With some deviation from the August USDA yield projections on a state by state basis, can Pro Farmer's announcement move the market?
In the overnight session the grains were mostly mixed with corn showing relative strength with a 3/4 cent gain. Soybeans slipped 5 1/4 cents lower and wheat fell another 4 cents. The U.S. dollar is trading down .6 percent and crude oil is off 41 cents. Pro Farmer will release its U.S. yield...[Read More]
Can Strong Export Sales Lift the Market?
Soybeans have been breaking into new lows recently as the weather continues to be optimal during its most critical development stage. Can strong export sales help turn the grain around?
In the overnight session the grains traded mixed with December Corn up 2 1/2 cents, soybeans down 1 cent and wheat in Chicago up 4 cents. The U.S dollar is down .12 percent and crude oil is mostly unchanged.
Pro Farmer went through Iowa and Illinois on Wednesday and reported at the end...[Read More]
Grains Modestly Higher in Night Trade
Crop Tour News shows Indiana's corn yield is down
Grains were modestly higher in night trade with corn and beans posting slightly better than a 1-cent advance, while wheat in Chicago and Kansas City was unchanged.
In soybeans, new-crop month November futures fell below the pivotal $9 mark in the night session reaching a low of $8.98,...[Read More]
Crop Tour Numbers Rolling In
Cody looks at the Pro Farmer crop tour numbers as well as what keeps driving soybeans lower.
Can Pro Farmer Findings Lift Corn?
Yields are highly variable in the eastern grain belt due to the excessive moisture early on in the season. Can Pro Farmer's yield estimate support corn prices?
In the overnight session the grains were mixed with corn unchanged, soybeans down 7 cents and wheat down ¾ of a cent. The U.S. dollar is trading .1% higher this morning and crude oil has slid 8 cents.The Pro Farmer results from day 1 showed strong South Dakota production with an estimated...[Read More]
Traders Eye NOPA Crush
Traders will be watching NOPA crush numbers scheduled for release this morning.
In the overnight session the grains moved higher with corn up 2 ¾ cents, soybeans up 2 ½ cents and wheat up 1 ¼ cents this morning. The U.S. dollar is relatively quiet but the Russian Rouble touched a 6 month low against the dollar today and crude oil is down 65 cents this morning. This...[Read More]
August 14th, 2015