March 02, 2015 | Grain Hedge Insights | Cody Bills | Views: 154

Police Crack Down on Brazil Roadblocks

The police handed out fines and cleared out a number of roadblocks helping restore traffic flow to congested areas of the country.

In the overnight session the grains traded mixed with corn down 1 cent, soybeans up 2 ¼ cents and wheat up 2 cents going into the morning pause in trade. The Chicago wheat market seems to have held support off $4.96 last Thursday which was the previous low back on February 2nd.

February 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 128

Weekly Cash Comments

Cash Commentary for week of February 27th

Corn basis saw modest growth this week advancing 2 cents a bushel on average across the country, but bean basis was unchanged thanks to higher futures and better farmer selling.

 

In corn, basis levels were up largely driven by strength at ethanol plants in the Western Cornbelt. On...

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February 27, 2015 | Grain Hedge Insights | Cody Bills | Views: 109

Grains Higher Going into Friday

The grains are trading higher going into the Friday session as Brazil logistics concerns continues to stir up short covering on Soybeans.

In the overnight the grains traded higher with corn up ¼ of a cent, soybeans up 3 ½ cents and wheat up 6 ¾ cents going into this morning’s pause. Wheat seems to be bouncing higher this morning after holding a major support level of $4.92 ¼ which was the low back on February 2nd. Today is...

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February 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 186
February 26, 2015 | Grain Hedge Insights | Cody Bills | Views: 132

Export sales provide little support to the markets

Export sales were on the lower end of expectations this morning with corn missing expectations by a couple hundred thousand metric tons.

In the overnight session the grains traded mixed with corn and soybeans up 2 ¼ each and wheat trading 1 ¼ cent higher going into the morning pause in trade. Today is the last day to get out of any March grain contracts with first notice day Friday the 27th.

 

Yesterday at 11 AM CST trucker...

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February 25, 2015 | Grain Hedge Insights | Cody Bills | Views: 150

Ethanol Production out this Morning

Ethanol production seemed to be following the normal trend while maintaining a 5% advantage over last year's production. Resolutions look to be near for the South American truckers on strike.

February 25, 2015 | Grain Hedge Insights | Cody Bills | Views: 153

Soybeans slip in overnight after yesterday’s gains

Soybeans slipped a few pennies in the overnight session after yesterday’s rally. The Brazil trucker strike continues.

The grains are moving lower this morning with corn down a penny, soybeans down 4 cents and wheat in Chicago down 3 ½ cents. Yesterday’s rally in Soybeans sparked some farmer selling after prices rose sharply to an intraday high of $10.29. Keep a close watch on corn today as it trades next to...

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February 24, 2015 | Grain Hedge Insights | Cody Bills | Views: 162

Strong Day for Soybeans

Soybeans were on the rise following strikes in Brazil. Cody and Kevin break down news from Europe that seemed to put selling pressure on wheat later in the day.

February 24, 2015 | Grain Hedge Insights | Cody Bills | Views: 189

Soybeans Up on Uncertainty of Brazil Logistics

Soybeans are trading higher this morning as truckers block roadways in Brazil protesting higher fuel taxes.

This morning the grains are trading higher with corn up 1 ½ cents, soybeans up 9 cents and wheat up 1 cent. Soybeans are trading higher on concerns about supply disruptions out of Brazil due to the truckers who are protesting higher fuel prices by blocking main roads across Brazil. Traders...

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February 23, 2015 | Grain Hedge Insights | Cody Bills | Views: 143

March Grain’s First Notice on Friday

First notice day for March contracts is Friday the 27th. Traders not looking to take delivery on grain should exit positions or roll to the May contract.

The grains are trading mixed this morning with corn down ¾ of a penny, soybeans up 4 ¼ cents and wheat down 1 ½ a cent. This Friday the 27th is the First Notice day for March corn, soybeans, wheat, KC wheat and MN wheat. Hedgers that are not looking to take delivery should exit their March...

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Related Articles

Weekly Cash Comments

February 20, 2015 | Grain Hedge Insights | Cody Bills

Grain futures posted positive gains this week with beans up 23 and corn up 6, but in the cash market overall trends in the basis were mostly flat. Corn managed a 1-cent improvement on the week, while soybeans were unchanged on average across the country.

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Can Soybeans Continue Higher?

Can Soybeans Continue Higher?

February 18, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session corn traded down 2 ¼ cents, soybeans slipped 2 cents and wheat increased 1 ¾ of a cent. Be careful of soybeans hitting resistance during today’s trading session. We are currently trading near resistance from the lows of the soybeans channel that lasted from October...

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