Can the Grains Recover?
The grains are moving lower early in the week, but can late growing season weather help lift them out of their lows?
In the overnight session the grains are trading lower with corn down 2 1/2 cents, soybeans down 9 1/4 cents and wheat down 4 1/2 cents by the morning pause in trading. The outside markets are also trading lower with crude oil down $1.20, the U.S. dollar down .22 cents and the mini Dow Jones...[Read More]
Improving Yield Potential for Beans?
Planalytics yield forecasts are compared to the USDA and Pro Farmer. Tune in for a full break down of crop yield potential.
Weekly Cash Comments
Cash Commentary for week ending August 28, 2015
Grain basis was mixed again this week with corn basis gaining 1.5 cents a bushel, while soybean basis gave up 4 cents on average across the U.S.
Grains pressured by positive weather outlook
The grains continue to be pressured by a positive weather outlook, higher global production and economic concerns out of China.
In the overnight session, the grains inched higher with corn up 1 1/4 cents soybeans up 5 cents and wheat up 1 cent. The U.S. dollar is trading mostly unchanged and crude oil is down 46 cents. The EU cut its corn production forecast this month to 58.7 million metric tons from 65.5 million...[Read More]
Abysmal Export Sales for Corn and Soybeans
Cody reviews the global news as well as whats needed to get export sales back on track.
Can Soybeans Rebound Higher?
Export sales, a rebound in the Chinese stock market and positive U.S. news helped lift soybeans early Thursday morning.
In the overnight session the grains are trading higher with soybeans leading the charge up 14 1/2 cents, corn up 1 1/2 cents and wheat up 3/4 of a penny. The U.S. dollar index is trading 1/2 a percent higher and crude oil is up $1.33. This morning exporters sold 130,000 metric tons of new...[Read More]
More Weakness in Chinese Demand?
As China's economic strength fades Cody looks at whether or not current demand for soybeans will be able to be sustained.
Global Markets Try to Rebound
Global markets will be a major influence on the grains as markets try to rebound after hard selling early on this week.
In the overnight session the grains traded lower with corn up 1 cent, soybeans unchanged and wheat up 1 1/4 cents this morning. The U.S. dollar is trading up .38 percent and crude oil is 34 cents higher this morning. This morning the U.S. stock market is expected to open higher after a rally...[Read More]