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...[Read More]
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...[Read More]
Bearish Trend Continues for Soybeans
New crop export sales took and unexpected turn. Check out our extensive breakdown.
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...[Read More]
Ethanol Production Jumps
Ethanol production smashes through 2013 levels. Positive export sales are expected for the new crop grains.
GrainTV: Grains Find Resistance Today
Cody looks at what drove the market lower and export inspections
GrainTV looks at what drove the market lower and export inspections
Cooler Temperatures Could Shock the Wheat Market
Cody reviews the fundamentals that moved the wheat market higher and planted progress.
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.
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...[Read More]