Soybeans Continue their Climb
Corn and Wheat remain lackluster
Soybeans continued to climb higher overnight, besting yesterday’s bullish move; corn and wheat were lackluster.
Grains Firmer to Start the Week
Crude Oil Advances to Fresh Highs
Grains were firmer to start the week led by soybeans. Crude oil also advanced to fresh highs.
Weekly Cash Comments
Weekly Cash Commentary for week ending December 02, 2016
The cash markets were up this week, posting modest gains. On average, corn gained 2 3/4 cents per bushel, securing the fourth week of gains.
Grains Higher in Overnight Trade
Crude Oil Reverses Direction
Grains were higher in overnight trade trying to recover from two days of steep losses. In outside markets, crude oil reversed direction drifting back to the $50 mark and the US dollar dipped lower as well.
Wheat and Corn Continue to Grind Lower
Soybeans Gained Ground Overnight
Soybeans gained ground overnight, but turned sharply down on export sales news this morning. Wheat and corn continue to grind lower.
USDA Forecasts a Big Drop in Corn Acres for 2017
Grains Swing into Positive Territory Overnight
Grains swung back into positive territory overnight following Tuesday’s sharp selloff. Crude oil catapulted higher overnight gaining $3 a barrel on news OPEC would cut production.
Soybeans correct lower on Asian weakness
Grains were weaker to start Tuesday
Grains were lower overnight led by soybeans which gave up most of Monday’s strong gains. In outside markets, crude oil fell sharply while equities and the US dollar sat in positive territory to start the trade day.
Signs of Strength in the Soybean Market
Soybeans Start Strong on the Week
US Dollar and Equities Slightly Lower
Soybeans started strong on the week holding on to double-digit gains overnight, but corn and wheat continued to sag.