Grains Start the Day in Positive Territory
US Dollar Slightly Higher
Grains were again in positive territory to start the day with soybeans leading the complex higher. In outside markets, the US dollar was slightly higher as were equities while crude oil was slipping lower going into the start of the day session.
Soybeans Gap Higher But Are Still on the Defense
Soybeans Post Double Digit Gains
Equities Higher to Start the Week
Soybeans posted double digit gains to hit a one-week high to start the day while corn and wheat gains were limited to a few cents. In outside markets, crude oil found strength and helped push equities higher to start the week.
Weekly Cash Comments
Weekly Cash Commentary for week ending 09/16/2016
National basis levels moved lower after a taking a break last week. Historically basis levels are pegged to keep moving lower until mid to late October.
Disappointing NOPA Crush Numbers
Possible interest rate hike
Basis Levels May Get Worse Before Improvements are Seen
Grains Struggling to Hold Modest Gains
Crude and Equities also trying to recover from yesterday's sharp sell-down
Grains were struggling to hold on to modest gains going into the morning break. Outside markets saw crude oil and equities also try to recover from yesterday’s sharp sell-down.
Ethanol Lending Support to Corn
Grains Slightly Weaker in Overnight Trade
Crude Oil Continues to Dip Lower
Grains were unchanged to slightly weaker in overnight trade while in outside markets equity futures tried to recover some of yesterday’s sharp losses while crude oil continued to dip lower.