Weekly Cash Comments
Grain futures fell sharply this week following the release of USDA's revised supply and demand data.
Grain futures fell sharply this week following the release of USDA’s revised supply and demand data. As a result, corn futures were off 14 cents, while front-month Mar soybean futures plummeted 57 cents. In the cash market, basis improved on average by 2 cents for soybeans and 3 cents for...[Read More]
Soybean Cancellations Add Bearish Sentiment to Market
Strong export sales this marketing year have been a key demand element to support soybean prices in spite of large production. Soybean cancellations could begin to undermine prices.
The grains were mixed in the overnight with corn up 1 ¾ cents, soybeans down 2 cents and wheat up 3 ¼ cents going into the morning pause in trade. In a report from FAS this morning, China canceled 285,000 metric tons of Soybeans which will likely pressure the market lower this morning. FAS...[Read More]
Export Sales and NOPA out Today
Tune in to hear how the Export Sales Report and NOPA numbers effected the market. Cody will also discuss what he thinks will cause wheat to find a bottom.
Export Sales Support Bounce in Grains
The export sales helped support the bounce in the grain complex after showing better than expected corn and soybean sales.
In the overnight session we have seen some buyers come back into the market with corn up 4 ½ cents, soybeans up 6 ½ cents and wheat in Chicago up 4 ¼ cents. Yesterday, corn and soybeans both found some support with soybeans dipping below $10 during the day but closing the session at 10.10 ¾....[Read More]
Grains Continue to Feel Pressure from Monday’s WASDE
Cody discusses the continued effects of the recent WASDE report as well as what is behind relatively strong ethanol production. Tomorrow Informa and export sales numbers will be released. Tune in for the full brief.
Grains Continue Slide in the Overnight
The grains continue their slide in the overnight in the wake of heavy fund selling during yesterday’s trade session.
The grains continued their selling in the overnight after a sharp day lower caused by significant fund liquidation. Going into the morning pause in trading corn is down 6 cents, soybeans is trading down 6 cents and wheat is 5 ¾ cents lower. March soybeans has broken through $10 and currently...[Read More]
Grains Trade Lower
Tune in to hear Cody discuss what factors moved the market lower today as well as what traders should be paying attention to as the week closes.
So Where Do Prices Go From Here
After four major reports were released onto the market yesterday many producers are wondering where prices will go from here.
In the overnight session the grains bounced with corn up 3 ¼ cents, soybeans were up 7 ¼ cents and wheat trading 10 ½ cents higher going into the morning pause. This morning's trade session should be supported by a nice export sale of 105,000 metric tons of old crop corn sold to unknown...[Read More]
Big Reports Today
Many important reports were released today. Tune in to hear Cody dissect the reports and discussed how this week's market might be affected.
January Report Expectations
The grains are eyeing the USDA's four major reports scheduled for release at 11 AM CST. Here are the expectations.
In the overnight session corn is trading down 3 ¾ cents, soybeans is down 4 ¾ cents and wheat is down 2 cents. This morning all eyes will be focused on the four major USDA reports scheduled for release at 11 AM CST.