July 13, 2015 | Grain Hedge Insights | Cody Bills | Views: 175
July 13, 2015 | | Views: 221
July 13, 2015 | Grain Hedge Insights | Cody Bills | Views: 202

Traders eager for Crop Conditions Report

With the USDA keeping the July yield forecast unchanged more focus will be on today's crop conditions report to confirm that the heavy rain over the last few weeks has in fact damaged crop development.

In the overnight session, the grains are trading slightly lower with corn down 1 1/4 cents on the September contract, soybeans down 7 1/4 cents and wheat down 4 3/4 cents going into this morning’s pause in trade. The U.S dollar is trading up 1/2 a percent and crude oil is down 70 cents this...

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July 10, 2015 | Grain Hedge Insights | Cody Bills | Views: 202
July 10, 2015 | Grain Hedge Insights | Cody Bills | Views: 198

Weekly Cash Comments

Cash Commentary for week ending July 10th

Grain basis was mostly stable this week as farmer selling was limited following the sell-off in futures after the June 30th USDA report. On average across the US, both corn and soybean basis was mostly unchanged.

 

In corn, flooding in Missouri and southern Illinois continues to take its...

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July 10, 2015 | Grain Hedge Insights | Cody Bills | Views: 228

WASDE Expectations

The market is trading higher this morning with anticipation for the July WASDE report. See the expectations below.

In the overnight session the grains continued higher with corn up 3 cents, soybeans up 8 1/4 cents and wheat trading 6 1/2 cents higher. The U.S. dollar is trading 1 percent lower and crude oil is up 48 cents this morning. Keep in mind that the July Supply and Demand report will be released...

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July 09, 2015 | Grain Hedge Insights | Cody Bills | Views: 212
July 09, 2015 | Grain Hedge Insights | Cody Bills | Views: 143

Markets Move Higher

The grain markets move higher this morning as traders prepare for the WASDE report scheduled out on Friday and as China equity markets stabilize.

In the overnight session the grains traded higher with corn up 2 3/4 cents, soybeans up 14 1/4 cents and wheat up 6 1/4 cents. The U.S dollar is up a fraction of a percent and crude oil is up $1.50. Traders will be positioning themselves for the July WASDE report which will be released out...

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July 08, 2015 | Grain Hedge Insights | Cody Bills | Views: 203

Bullish News from the Grains

Worldwide news proved mostly bullish for the markets. Cody reviews ethanol production, export sales, and yield estimations.

July 08, 2015 | Grain Hedge Insights | Cody Bills | Views: 151

Grains Mostly Steady

The grains were mostly steady to slightly lower this morning as China's Shanghai Index sells off sharply on Wednesday.

In the overnight session the grains traded marginally lower with corn down 1 cent, wheat down 5 1/2 cents and soybeans down 1 1/4 cents. The U.S. dollar is trading down 1/3rd of a percent and crude oil has fallen 21 cents. A reportable sale of 240,000 metric tons of new crop soybeans was...

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