August 14, 2015 | Grain Hedge Insights | Cody Bills | Views: 157

Weekly Cash Comments

Weekly Cash Commentary for week ending 14 August 2015

USDA delivered a blow to grain markets this week with significantly higher production and yields than expected. Not only did futures markets plummet on the key news, but basis levels were moving lower following the report. US soybean basis was off 2 cents while corn basis was 1 cent lower....[Read More]

August 14, 2015 | Grain Hedge Insights | Cody Bills | Views: 255

Grain Bounce Stops in the Overnight

The grains turned lower in the overnight with little bullish on the horizon. Weather continues to look optimal and Wednesday's WASDE report will most likely continue to pressure grains lower over the next couple weeks.

The grains rebound from the lows printed on Wednesday came to a halt last night and reversed with corn down 3 1/4 cents, soybeans down 11 cents and wheat down 2 3/4 cents. The U.S. dollar is trading down .12 percent and crude oil is down 13 cents this morning. Egypt’s GASC purchased 175,000...

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August 13, 2015 | Cody Bills | Views: 445
August 13, 2015 | Grain Hedge Insights | Cody Bills | Views: 147

Grains Bounce in Overnight

The grains have been able to claw back some losses in the overnight, after sharp selling dominated the market following the UDSA report on Wednesday

In the overnight session the grains traded higher with corn up 3 cents, soybeans up 8 cents and wheat up 4 cents. The U.S. dollar is trading higher by .30 percent and crude oil is down 25 cents this morning. Grains traded sharply lower on the August Supply and Demand report which was...

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August 12, 2015 | Cody Bills | Views: 427
August 12, 2015 | Grain Hedge Insights | Cody Bills | Views: 192

Report Day Expectations

The USDA Supply and Demand report is scheduled out at 11 AM CST. Below are some expectations.

In the overnight session the grains are mixed with corn up 3/4 of a cent, soybeans down 2 3/4 cents and wheat up 3 3/4 cents. The U.S. dollar index is down nearly 1 percent and crude oil is trading higher by 64 cents. China’s Yuan fell for a second day after policy makers took steps to lower...

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August 11, 2015 | Cody Bills | Views: 203
August 11, 2015 | | Views: 431
August 11, 2015 | Grain Hedge Insights | Cody Bills | Views: 132

China’s Yuan Falls Sharply in the Overnight

The sharp drop in the Chinese Yuan rippled throughout global markets last night and triggered selling in commodities.

In the overnight session the grains are trading lower with corn own 6 1/4 cents, soybeans down 14 3/4 cents and wheat down 7 3/4 cents. The U.S. dollar is lower by .17 percent and crude oil is trading lower by over a dollar. China policy makers cut its daily reference rate by 1.9 percent...

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August 10, 2015 | Grain Hedge Insights | Cody Bills | Views: 161

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