Wheat conditions mixed across the Plains
The state level winter wheat conditions reports showed mixed conditions by state. Light snow cover and lack of precipitation damaged some states while others managed to improve crop conditions over last month.
In the overnight session the grains bounced sharply with corn up 4 ½ cents, soybeans up 11 ¼ cents and wheat up 6 ¼ cents after falling during yesterday’s trade session. Precipitation is still expected in the northern part of Brazil’s growing region which will help reduce some of the dry...[Read More]
GrainTV February 2, 2015
Corn unchanged, Soybeans down one and a quarter and wheat Chicago shedding nine and a half cents
Corn unchanged, Soybeans down one and a quarter and wheat Chicago shedding $0.095
Monday Morning Bounce
Thursday and Friday prices had a hard time breaking lower and holding their levels. Will prices bounce this morning?
In the overnight session the grains turned higher with corn up 2 ¼ cents, soybeans up 3 cents and wheat in Chicago up ¾ of a cent. A reportable sale of 132,600 metric tons of corn was sold to Mexico which was primarily made up of old crop corn.
Will Crops Find a Bottom Next Week?
Today Cody discusses weekly basis changes and gives his predictions for price changes next week.
Weekly Cash Comments
Cash Comments for week of 30 January 2015
The futures market slide 12 ¼ cents for soybeans and 8 ½ cents for corn but despite the sharp slide in prices, basis remained for the most part steady increasing only a penny for soybeans and 1 ½ cents for corn.
Can wheat extend bounce off $5.00?
Wheat prices bounced off $5.00 per bushel on Thursday as export sales began to pick up pace from previous weeks and prices become oversold. Can they continue their rally in Friday’s session?
In the overnight session corn is trading ¾ of a penny lower with soybeans unchanged and a 2 cent increase in wheat. Wheat prices found support yesterday after touching $5.00 ¾ briefly during the session. Wheat seems oversold at these levels after falling sharply from the $6.77 high on...[Read More]
Export Sales Review
Tune in for a late brief of the corn and soybean export sales report.
Soybean Sales Bounce Back
Soybean sales beat analyst expectations and sharply bounced back from the dismal level announced last week. Can this help soybeans rally this morning?
In the overnight session corn is trading down 2 ¼ cents, soybeans are trading 3 ¾ cents higher and wheat is down 2 ¼ cents. This morning a reportable sale of 116,000 metric tons of sorghum was announced to unknown destinations with 58,000 metric tons for delivery in 14/15 marketing year and...[Read More]