Grains start the week Sharply Higher
Crude Oil surges
Grains were sharply higher to start the week with soybeans continuing to lead the complex on double-digit gains. In outside markets, crude oil surged and equity futures were modestly higher to start the day.
Weekly Cash Comments
Weekly Cash Commentary for week ending 10/15/2015
US corn basis was mostly steady on the week while soybeans posted a modest 1-cent advance as futures climbed to two-year highs.
Double-digit gains in Soybeans
weaker than expected job data
Grains continued to pulse higher led by soybeans with double-digit gains. In outside markets, weaker than expected jobs data put pressure on the US Dollar and equity futures heading into the day session.
What’s Needed for US Wheat to be Globally Competitive
Soybeans Reach New Heights
Crude oil was unchanged in the overnight
Soybeans reached new heights overnight with front month July briefly touching $11.10 a bushel. Corn and wheat were mostly unchanged in rather directionless trade. In outside markets, crude oil was unchanged while equity futures and the US dollar drifted lower.
How Far Can Beans Take Their Upside Momentum?
Grains Under Pressure
Corn and Soybeans Drift Lower
Grains were under pressure to start Wednesday with corn and soybeans drifting lower while wheat reversed some of Tuesday’s sharp losses.
Poor Signs for Wheat Prices
Mixed Grain Prices to Start the Week
US Dollar fractionally higher
Grain prices were mixed to start the week with corn and wheat lower while soybeans were higher. In outside markets, the US dollar was fractionally higher while crude oil also moved up slightly.