Basis Levels May Get Worse Before Improvements are Seen
Grains Struggling to Hold Modest Gains
Crude and Equities also trying to recover from yesterday's sharp sell-down
Grains were struggling to hold on to modest gains going into the morning break. Outside markets saw crude oil and equities also try to recover from yesterday’s sharp sell-down.
Ethanol Lending Support to Corn
Grains Slightly Weaker in Overnight Trade
Crude Oil Continues to Dip Lower
Grains were unchanged to slightly weaker in overnight trade while in outside markets equity futures tried to recover some of yesterday’s sharp losses while crude oil continued to dip lower.
More Pressure to Come for Soybeans
Grains Continue to Sink Lower
Crude Oil also Sharply Lower
Grains continued to sink lower overnight as the weight of bigger crops continues to pressure the market. Outside markets saw crude oil and equity indices sharply lower while the US dollar turned higher.
How Likely is Corn to Break Through $3.45 Resistance?
Grains Lower Overnight as Traders Await USDA
Oil falls for a 2nd trading day in a row.
Grains were lower overnight as traders wait for USDA’s report later this morning for further direction. In outside markets, crude oil and equities were sharply lower.
Weekly Cash Comments Sept 9
Weekly Cash Commentary for week ending 9/9/2016
Grain basis held steady after this week after a sharp turn lower last week.