Can Soybeans Continue Yesterday’s Move?
Strong export inspections and concerns about the northern growing region of Brazil had soybeans move higher yesterday.
In the overnight session corn soybeans and wheat were mostly unchanged to slightly higher. Yesterday’s export inspections were positive for corn and soybeans which both beat analyst expectations. Soybeans recorded 1.5 million metric tons inspected for export which beat the high side of...[Read More]
Why Did Soybeans Outperform Today?
Tune into GrainTV and hear Kevin and Cody discuss why they feel soybean was the only grain to move substantially higher. Also, listen to Kevin discuss what he thinks it will take for wheat to find a bottom.
Corn and Soybeans Begin Week Lower
Corn and soybeans start off their week lower on technical selling.
In the overnight corn is trading 2 3/4 pennies lower, soybeans is down 2 3/4 cents and wheat is up 1/2 a penny after closing last week near one month lows. This weekend the Korea Feed association purchased 110,000 metric tons of corn from optional origin.
Mixed Trade to Close the Week
Cody and Kevin discuss mixed export sales and weekly basis changes around the country.
Weekly Cash Comments
Cash basis commentary for week of January 23
Soybean futures continued to erode this week giving up 14 cents a bushel while corn found modest strength in a 3 cent advance. In the cash market, basis movements were fairly muted this week with US average corn basis gaining 1 cent a bushel while soybeans added 2 cents to the US average...[Read More]
Huge Corn Sales Surprise the Market
This week's corn sales were reported at marketing year highs doubling analyst expectations.
In the overnight, soybeans and wheat traded lower slipping 5 ¾ and 5 ¾ cents respectively, while corn stayed mostly unchanged increasing by ¼ cent. The export sales report was very supportive for corn, neutral for wheat and bearish for soybeans which missed analyst expectations by a...[Read More]
Difficult for Corn and Soybeans to Find Traction
Cody and Kevin break down the ethanol numbers released today. Tune in to hear them discuss what was weighing down the corn market and what may have influenced lower bean prices after a positive overnight session.
Will Ethanol Production Stay Ahead of Pace
Ethanol production has been running well ahead of pace to meet USDA expectations all year, will we begin to see production soften this week?
In the overnight session the grains traded slightly higher with corn up 3/4 of a cent, soybeans up 3 1/4 cents and wheat up 3 ¾ cents. Soybeans are trading at $9.87 ½ just below $9.91 which is the low side of the sideways range it traded in since late October. The low side of the range which...[Read More]
River Basis Shows Strength
Kevin and Cody discuss what is supporting river basis and give a summary of where they think the wheat market is heading.
Wheat Jumps in Early Morning
Grains are mixed this morning with wheat showing strength after a sharp sell off over the last 20 days.
Grains are mixed in the overnight session with corn down ¾ of a cent, soybeans up 1 ½ cents and wheat up 7 cents after a sharp selloff over the last 20 days helped U.S. wheat gain some competitiveness on the global market. Also helping wheat is the accusations out of Kiev that Ukrainian...[Read More]