Soybean Surge Continues
Soybeans moved another 12 cents higher overnight after a strong Monday
Corn, soybeans and wheat have continued to move higher following yesterday’s technical breakout for soybeans. Coming into the morning trade break soybeans is up 15 cents, wheat is up 7 cents, and corn is up. A surging spot soymeal market as contributed to strength out of soybeans. Just in...[Read More]
Markets Retrace Yesterday’s Gains
The grain markets moved lower on Friday as corn and wheat touched key resistance levels. Talk of a poor start to Russian winter wheat will keep traders focused on weather conditions in Russia as wheat enters dormancy.
Crops Rally But Will They Hold?
Soybeans rose sharply to close off the day. Tune in to hear Kevin and Cody discuss export sales and if the stronger prices will hold.
Big Export Sales Hit Soybean Market
USDA reports 2,166,800 tonnes of soybeans sold - double trade expectations.
Corn and wheat futures are unchanged while soybeans are trading 3 cents higher coming out of the overnight session.
This morning’s export sales report showed continued strong demand for U.S. soybeans. The USDA reported 2,166,800 tonnes sold for the current marketing year, with China...[Read More]
Volatile Day in Chicago
Corn and Soybeans had a volatile day in Chicago on a Wednesday. Early in the trade session strength was observed across the sector but turned south at mid session and closed near lows
Corn and Soybeans had a volatile day in Chicago on a Wednesday. Early in the trade session strength was observed across the sector but turned south at mid session and closed near lows.
Grains Continue Higher in the Overnight
In the overnight session corn improved 2 cents, soybeans increased 12 ¼ cents and Chicago wheat increased 3 ¾ cents.
EXPORTERS SELL 419,000 TONNES U.S. SOYBEANS TO CHINA AND 113,000 T SOYBEANS TO UNKNOWN, ALL FOR 2014/15.
Soybeans surged another 12 cents higher in the overnight on very light news. A close above 972 ½ on the November 14 contract would be a strong technical signal that October’s price...[Read More]
Soybeans Surge Higher on Chinese Demand Prospects
Today we discuss economic news out of China and weather expectations for Brazil as we approach the weekend. Tune in for the full report!
Dryness Concerns in Brazil
There has been concerns of dryness in Mato Grasso as producers begin planting.
In the overnight session corn was unchanged, soybeans traded 5 1/4 cents higher and wheat improved 2 1/2 cents.
Brazil’s key growing state of Mato Grasso is seeing dryer than normal planting conditions as Brazilian producers ramp up planting. Over the last thirty days the majority of...[Read More]