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March 24, 2015 | Grain Hedge Insights | Cody Bills | Views: 193

Grains find resistance after two day rally

The grains ran into some selling pressure in the overnight as each commodity tests resistance levels on the daily chart.

In the overnight session the grains found some selling pressure near resistance levels. Corn is down 1/2 cents, soybeans are down 3 cents and wheat is down 8 1/4 cents on the day. The Dollar index is trading slightly higher this morning and crude oil is lower by a percent.

 

Corn is...

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March 23, 2015 | Cody Bills | Views: 338
March 23, 2015 | Grain Hedge Insights | Cody Bills | Views: 166

Grains Higher on Falling Dollar

The grains are trading higher today as the dollar continues its slide following the FOMC meeting that removed the chance that the first rate hike would occur in June.

In the overnight session the grains moved higher with corn up 4 1/2 cents, soybeans up 6 3/4 cents and wheat up 6 1/2 cents going into this morning’s pause in trade. The U.S. dollar is pulling back this morning continuing the sell-off on Friday. Corn is currently trading at $3.89 near its 50...

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March 20, 2015 | Grain Hedge Insights | Cody Bills | Views: 237
March 20, 2015 | Grain Hedge Insights | Cody Bills | Views: 287

Weekly Cash Comments

Cash Commentary for week ending March 20

Grain futures came under pressure this week as US dollar strength and slow export business took its toll on the market. In the cash market, there was little movement in basis by grain buyers as a whole with U.S. average soybean basis unchanged for the week while corn basis gained only 1-cent...

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March 20, 2015 | Grain Hedge Insights | Cody Bills | Views: 178

Will we get a Friday rebound?

The grains positive over the night session as the dollar pushes lower.

In the overnight session the dollar pulled back slightly helping grains push higher. Going into the morning pause corn was up 2 1/4 cents, soybeans were up 3 1/4 cents and wheat was up 5 3/4 cents. Keep in mind that at 10:30 CST this morning Informa will release their latest crop planting...

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March 19, 2015 | Grain Hedge Insights | Cody Bills | Views: 290

Export Sales Breakdown

Cody goes in depth about why analysts are expecting a decline and flattening of export sales.

March 19, 2015 | Grain Hedge Insights | Cody Bills | Views: 146

Dollar Triggers Overnight Volatility in Grains

The U.S. dollar traded sharply lower following the FOMC minutes yesterday triggering the grains to jump in the first few minutes of the overnight session.

The overnight session saw significant volatility with the U.S. dollar selling off sharply following the FOMC statement and then recovering in the overnight to an index level of 99.20. Corn, soybeans and wheat all gapped higher in the opening 5 minutes of the night session and spent the...

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March 18, 2015 | Grain Hedge Insights | Cody Bills | Views: 163
March 18, 2015 | Grain Hedge Insights | Cody Bills | Views: 142

Grains Bounce Overnight

The grains recovered a couple pennies in the overnight after hard selling during yesterdays session that chart support levels broken.

In the overnight session the grains rebounded a bit after breaking through key support yesterday. The dollar index remains steady and crude oil has fallen a dollar overnight. Corn is up 2 1/4 cents, soybeans are up 6 cents and wheat is up 2 1/2 cents this morning. Today the FOMC statement...

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