Markets Prep for Long Weekend
The markets are trading higher Friday morning as traders eye a three day weekend followed by NOPA crush numbers released on Tuesday the 17th.
In the overnight session the grains are trading higher with corn up 1 ½ cents, soybeans up 7 ¼ cents and wheat up 4 ½ cents going into the morning pause in trade. This morning it was announced that 110,000 metric tons of new crop soybeans was sold to China. The market will be closed on...[Read More]
Export Sales Released Earlier Today
Cody and Kevin break down corn basis and the export sales numbers.
Are Export Sales Strong Enough To Lift the Grains?
This morning’s export sales were strong, but are they strong enough to get grain prices moving higher again?
In the overnight session corn is trading ¾ of a cent lower, soybeans are trading 2 ½ cents higher and wheat is trading lower ¾ of a cent lower going into the morning pause.
Corn export sales beat analyst expectations by increasing 19 percent week over week and booking 1,003,100 metric...[Read More]
Soybeans Trade Higher
Tune in to hear Cody and Kevin discuss whether the shift in soybeans was a fundamental shift. They will also break down the weekly ethanol report and South American Production numbers.
Grain Market Continues Lower Following Tuesday Reports
The grains finished the evening session off weaker after USDA cuts corn and soybean ending stocks in yesterday’s WASDE report.
In the overnight session the grains continued lower with corn down 2 ½ cents, soybeans down 2 cents and wheat down 5 cents going into this morning’s pause in trading. Crude oil is also trading lower and the U.S. dollar is up a fraction of a percent.
Yesterday’s WASDE report provided a...[Read More]
Export Numbers Out Today
Cody and Kevin talk about what producers and traders should do following the export sales and production numbers.
What Surprise will the February USDA Report Hold?
Here are the analyst expectations for the February WASDE report and what traders will be paying close attention to.
In the overnight session the grains turned negative with corn down 1 ½ cents, soybeans down 2 ¼ cents and wheat down 3 ½ cents on the week. The dollar index is trading higher this morning and crude oil is trading slightly lower. This morning at 11 AM CST the USDA will release their February...[Read More]
Grains Trade Slightly Higher
Today Cody discusses export expectations, ending stock expectations, and South American production. Tune into tomorrow for a break down of the USDA Supply and Demand Report.
USDA Report Expectations
Will tomorrow’s USDA Supply and Demand report move the market? Here are the expectations.
In the overnight session corn soybeans and wheat are all trading slightly lower with corn down 1 ½ cents, soybeans down 1 ¼ cents and wheat down 3 ¼ cents. The U.S. Dollar index and crude oil are both trading higher this morning. Today the market will be positioning for the release of the...[Read More]
Weekly Wrap Up
Tune in for a review of Tuesday's rally and hear Cody break down nationwide basis changes.