May 01, 2015 | Grain Hedge Insights | Cody Bills | Views: 173

Weekly Cash Comments

Cash Commentary for week ending 01 May

Corn continued to find selling pressure in the futures market this week giving up 8 cents a bushel, while soybeans were unchanged for the week. For cash markets, corn basis posted a modest 1-cent advance on average across the US while soybeans were unchanged on the week.

May 01, 2015 | Grain Hedge Insights | Cody Bills | Views: 169

Grains Mixed Headed into Friday

The grains were mixed going into Friday's trade session with more strikes at Argentina ports stalling export activity.

In the overnight session the grains are mostly steady with corn down 1/4 of a penny, soybeans off a half penny and wheat up 1 1/4 cents. The U.S. dollar is up a fraction of a percent and crude oil has fallen 18 cents.

 

Yesterday, the Buenos Aires grain exchange reported an increase in...

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April 30, 2015 | Grain Hedge Insights | Cody Bills | Views: 179
April 30, 2015 | Grain Hedge Insights | Cody Bills | Views: 117

Surprising Export Sales

This morning export sales surprised analyst expectations with wheat seeing significant old crop cancellations and soybeans booking over 400,000 metric tons of old crop sales.

In the overnight session the grains moved higher with corn up 1 1/2 cents, soybeans up 6 1/2 cents and wheat up 3 1/4 cents going into this morning’s pause in trade. The dollar index was trading lower most of the night, but has found some buying support underneath the 100 day moving average...

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April 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 174
April 29, 2015 | Grain Hedge Insights | Cody Bills | Views: 210

Dollar Sinks on Weak U.S. GDP

The grains are trading slightly higher, lifted by a falling dollar after GDP numbers disappointed traders this morning.

In the overnight session corn was up 2 1/2 cents, soybeans up 1/4 of a cent and wheat increased 3 1/2 cents. A reportable sale was announced yesterday with 390,000 metric tons of new crop soybeans sold to unknown destinations. This morning another reportable sale was announced for 130,000...

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April 28, 2015 | Grain Hedge Insights | Cody Bills | Views: 166
April 28, 2015 | Grain Hedge Insights | Cody Bills | Views: 206

Soybeans Pop in the Overnight

In the overnight session the soybean market popped higher touching on the 50 day moving average which has acted as resistance in the recent weeks.

In the overnight session the grains were mixed with corn up 1 1/2 cents, soybeans up 9 1/4 cents and wheat down 2 1/4 cents. First notice day for May grain contracts is Thursday the 30th. Be sure to either liquidate or roll those may contracts by the close of trade on Wednesday.

 

July...

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April 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 145
April 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 128

Grains Pressured on Monday Morning

The grains are pressured by precipitation in the southern plains, a stronger dollar and the easing of the trucker strike in Brazil.

In the overnight session the grains traded lower with corn down 2 1/4 cents, soybeans up 1/2 a cent and wheat down 2 cents going into the morning pause in trade. Crude oil is down 28 cents and the U.S. dollar is trading a fraction of a percent higher. Exporters reported 158,000 metric tons...

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