Grains Continue Their Gravity Defying Moves
US Dollar and Equity Futures are firmly higher to start the day.
Grains were higher in the night-session with soybeans continuing their gravity-defying move to new heights. In outside markets, crude oil was lower while the US dollar and equity futures were firmly higher to start the day.
Little Upside Potential for New Crop Soybeans
Grains Higher in the Night Session
Crude Oil continues to Show Positive Gains
Grains were higher in the night session with soybeans continuing to take on new highs for this 6-week rally. In outside markets, crude oil continued to show positive gains getting closer to $41 a barrel, with equity futures also moving higher as well.
Why Wheat’s Not Done Moving Lower
Grains Sharply Divided in the Overnight
Oil Prices Slipped on Monday
Grains were sharply divided overnight with wheat seeing big losses while soybeans rallied as much as 7 cents before backing off into the break. Corn was weaker as well in the night trade.
Weekly Cash Comments
Weekly Cash Commentary for week ending 4/08/2016
Grain basis was slightly firmer on the week, but still showing no real movement to the upside. For the week, US average corn basis was up 0.5 cents a bushel, and soybeans up only 0.25 cents a bushel.
Crude Races Higher in the Overnight
Grains Find Modest Strength in the Overnight
Grains found some modest strength overnight with wheat leading the advances after the sharp sell-off in the past week. In outside markets, crude oil raced higher overnight nearly posting a $2 a barrel advance while US stock futures were higher as well.
Why Beans May Be Heading for the $9 Support Level
Crude Oil Gives up Yesterday’s Gains in the Overnight
Yesterday, Monsanto CEO Hugh Grant said his company seed sales suggest a corn acreage number lower than USDA’s forecast
Grains were lower overnight while in outside markets stock indices and crude oil gave up some of yesterday’s sharp gains.
Crude Stocks Showing More Bullish Signs