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...[Read More]
Improving Crop Conditions?
Cody takes a look at crop condition, planting pace, and next week's weather.
Grains Lower on Better than Expected Crop Conditions
Grains trading lower in the overnight session.
In the overnight session the grains are trading lower with corn down 6 3/4 cents, soybeans down 5 1/4 cents and wheat down 9 1/4 cents. The US dollar is trading nearly 1 percent higher and crude oil is up 8 cents.
Analysts were expecting corn good-to-excellent ratings to decline by 1...[Read More]
Monday Mycotoxin Report, July 6, 2015
Grains Sink on Greece Vote and Rain Reprieve
Grain markets came back from the holiday weekend in a selling mood with soybeans off 20 cents, wheat off 15 cents and corn down 10 cents.
Is There Any Hope for Midwest Crop Yields?
As we enter the long weekend, Cody looks at weather and export inspections.
Soybean sales missed export sales expectations showing net cancellations on the week.
In the overnight session the grains traded lower with corn down 2 1/4 cents, soybeans down 8 3/4 cents and wheat down 9 1/2 cents this morning. Crude oil is trading up 25 cents and the U.S. dollar is down nearly a quarter of a percent.
On Wednesday, the EIA ethanol production report...[Read More]
Ethanol Production Starting to Decline
Tune in for a review of ethanol numbers, weather, and export inspections.
Grains Pause in the Overnight
The grains gave back some of their gains in the overnight session after yesterday’s USDA reports triggered a sharp rally in the market.
In the overnight session we have pulled back a bit with corn down 7 cents, soybeans down 5 1/2 cents and wheat down 17 cents this morning. The U.S. dollar is trading higher by a half a percent and crude oil is down 79 cents this morning.
Yesterday’s quarterly grain stocks and planted...[Read More]