Market Finds Footing in Overnight
Can the market stop its slide in Tuesday’s trade session?
In the overnight session the grains seemed to find some footing with corn up a penny, soybeans up 10 1/4 cents and wheat in Chicago up 4 1/2 cents. The U.S. dollar is trading nearly 1/2 a percent higher and crude oil is up 11 cents. A reportable sale of 120,000 metric tons of sorghum for...[Read More]
What Really Spurred on Intense Selling?
Tune in for a full break down of export sales, crop conditions, and upcoming weather.
Monday Morning Sell-Off
Can the grains recover following a sharply lower open this morning?
In the overnight session the grains traded sharply lower with corn down 10 1/2 cents this morning, soybeans down 13 cents this morning and wheat down 5 1/2 cents this morning for the December contracts. The U.S. Dollar is trading over 1/2 a percent lower and crude oil is also lower, losing...[Read More]
Disappointing Price Action for the Week
Cody breaks down the charts, looks at export sales news, and reviews weekly basis changes.
Grains Continue Lower on Friday Morning
The grains continued lower on Friday morning as the weather outlook continues to favor good growing conditions.
In the overnight session the grains traded lower with corn down 5 cents, soybeans down 7 cents and wheat down 5 cents. The U.S. dollar is higher by nearly ½ a percent and crude oil is 33 cents higher this morning. For Soybeans, the 50 percent retracement of the sharp rally in November...[Read More]
Will the U.S. Meet the Export Sales Forecast
Cody looks at the export sales report and looks ahead to see how exports sales will really play out.
Can Export Sales Lift Wheat?
Wheat export sales were stronger than expected this morning giving wheat a reason to end its 8 day price decline.
In the overnight session the grains moved slightly higher with wheat showing the largest rebound, up 5 ¾ cents. Corn is trading unchanged this morning and soybeans is up ¾ of a cent. The U.S. dollar is moving nearly 1/3 of a percent lower and crude oil is up 12 cents per barrel. Export sales...[Read More]
Lagging New Crop Sales
Tune in as Cody breaks down the charts for corn, soybeans, and wheat. He also looks to see how lagging new crop sales are effecting the grains.
Will Weather Turn Positive for Crops?
Will the weather over the next 10 days help overall crop development?
In the overnight session the grains traded lower again with corn down 5 ¼ cents, soybeans down 3 cents and wheat down 8 cents. The U.S. dollar is up 1/5th of a percent and crude oil 66 cents lower. Corn is trading just above the 50 percent retracement level at $4.09 from the rally that...[Read More]
Sustained Weather Premium for Crops
Cody reviews the charts for corn, soybeans, and wheat and looks at the upcoming weather outlook.