Grains Higher in Overnight Trade
Crude Oil Reverses Direction
Grains were higher in overnight trade trying to recover from two days of steep losses. In outside markets, crude oil reversed direction drifting back to the $50 mark and the US dollar dipped lower as well.
Wheat and Corn Continue to Grind Lower
Soybeans Gained Ground Overnight
Soybeans gained ground overnight, but turned sharply down on export sales news this morning. Wheat and corn continue to grind lower.
USDA Forecasts a Big Drop in Corn Acres for 2017
Grains Swing into Positive Territory Overnight
Grains swung back into positive territory overnight following Tuesday’s sharp selloff. Crude oil catapulted higher overnight gaining $3 a barrel on news OPEC would cut production.
Soybeans correct lower on Asian weakness
Grains were weaker to start Tuesday
Grains were lower overnight led by soybeans which gave up most of Monday’s strong gains. In outside markets, crude oil fell sharply while equities and the US dollar sat in positive territory to start the trade day.
Signs of Strength in the Soybean Market
Soybeans Start Strong on the Week
US Dollar and Equities Slightly Lower
Soybeans started strong on the week holding on to double-digit gains overnight, but corn and wheat continued to sag.
Weekly Cash Comments
Weekly Cash Commentary for week ending 11/25/2016
The cash markets saw relatively small gains this week with basis along the river beginning to taper off.
US Dollar Drifts Lower
Grains Were Closed Overnight
Grains were closed overnight but will reopen for trade at 8:30 am CDT. In outside markets, the USD drifted lower while crude oil was off in early trade and equities were higher.
Soybeans Get A Boost from Huge Soy Oil Movement
Kevin breaks down the huge movement in bean oil and where soybeans may be heading.
Grains Mildly Lower in the Overnight
US Dollar in Positive
Grains were mildly lower overnight although prices in China continued to surge. The two-day gain for Chinese soy prices is +38 cents and soymeal up $14.