Light Snow in the Central Plains early This Week
Grains Lower in the Overnight Session
Weather forecasts show rains are expected in Argentina for the second half of this week and temperatures in the central Plains in the U.S should not be enough to cause winterkill.
US Soybean Export Sales Fell to a Seven Month Low Last Week
Grains Down in the Overnight Trade Session
US soybean export sales fell to a seven-month low last week, according to government data, as stiff competition from rival exporter Brazil and concerns over lower US crop quality dented demand from key buyers such as China.
No Break in Plains Dryness for Next Two Weeks
Grains were Down in the Overnight Session
Chicago wheat futures slid for a second session on Thursday as investors booked profits after a recent rally and set deteriorating US crop conditions against high global supply.
Plains Dryness to Persist the Next Two Weeks
Grains Down in the Overnight Session
US winter wheat is not in good shape according to new data from the US department of Agriculture
KC March Wheat Gapping Higher for a Second Straight Session
Grains Were Up in the Overnight
Chicago wheat rose for a fifth session on Tuesday to touch a four-month high on concern that dry conditions in parts of the US Plains are damaging crops.
How About That Market Rally
Grains Up in the Overnight Session
The average corn basis across the US slipped by a penny last week while soybeans fell by 1/2 a cent.
Weekly Cash Comments
Weekly Cash Commentary for Week Ending 01/26/2018
Grain basis was mostly stagnant this week as average US values were unchanged from last week.
Corn Surpassed USDA Weekly Export Sales Expectations
Grains Trading Unchanged to Higher in the Overnight Session
Chicago wheat was able to break through both the 20 and 50 day moving average and is now at the recent high January 3rd.
Soybeans Rise Again as Argentina Sets for More Hot Dry Weather
Grains Trade Higher in the Overnight Session
Ethanol production was mostly unchanged week over week at 1.062 million barrels per day.
Soybeans Pause after 7 Day Rally
Grains Were Up in the Overnight Session
Corn showed traction yesterday in the market after experiencing selling pressure throughout the majority of the day and pushing as low as $3.495 but finishing close to the high of the day at $3.515.