Grains Mildly Lower in the Overnight
Rate Hikes possible in December
Grains were mildly lower overnight as the markets continue to hold steady to price levels seen over the past two months. In outside markets, crude oil was hovering around the unchanged mark from Wednesday’s trade, while S&P futures posted positive gains to get it back above the 2,100 mark....[Read More]
Corn Unable to Hold Onto Short Term Gains
Even with strong ethanol production corn struggles to hold onto any gains.
Soybeans Find Support in the Overnight
On Tuesday, Informa came out with its latest estimates for 2015 US corn and bean production. Both estimates were higher than USDA’s October forecast
Grains were mixed overnight as soybeans found modest support while corn and wheat lost ground from Tuesday’s close. Oil added on to Tuesday’s gains, surpassing $48 a barrel while S&P futures also moved into positive territory.
On Tuesday, Informa came out with its latest estimates for...[Read More]
Corn Basis Continues to Rally
After rallying this morning and in the overnight beans took a dive lower to close the day. Informa numbers were also released today.
Grains Continue to Drift Lower
EIA report due out tomorrow.
Grains continued to drift lower overnight, while stock futures gave up some on Monday’s gains and crude oil reversed its selloff from the previous trade session.
In soybeans, Jan 16 bean futures drifted down to $8.76 pushing lower for a second consecutive trade session. ...[Read More]
Continued Downside Pressure on Beans
Wheat took a sharp dive lower today. Beans and corn are continuing their downward trends.
Grain Hedge Overnight Highlights
Grains were mostly quiet overnight with little news or volatility to change prices.
Grains were mostly quiet overnight with little news or volatility to change prices. In outside markets, S&P futures were fractionally higher while crude oil dipped in early trade.
For soybeans, there was mild support to start the week from planting delays in Brazil. Soybean planting in...[Read More]
National Basis Finally Picking Up?
News out of Europe suggests lower wheat yields. Kevin looks at this and the rising basis for corn and soybeans.
Weekly Cash Comments
Weekly Cash Commentary for week ending 10/30/2015
Grain basis got a big boost this week as harvest nears completion and barge rates continue to sink lower. On the week, US average corn basis was up 3 cents a bushel while soybeans advanced 4 cents a bushel.