December 19, 2014 | Grain Hedge Insights | Cody Bills | Views: 121
December 19, 2014 | Grain Hedge Insights | Cody Bills | Views: 139

Weekly Cash Comments

Grain markets found heightened volatility this week

Grain markets found heightened volatility this week with corn futures posting gains while soybeans traded lower. In the cash market, basis for both corn and soybeans were unchanged on average across the country this week, but that masks a fair amount of movement by end users and exporters....[Read More]

December 19, 2014 | Grain Hedge Insights | Cody Bills | Views: 126

Grains fell sharply in the overnight session

Wheat leads the slide with a 19 cent decline

Grains fell sharply in the overnight session with wheat leading the slide lower on a 19-cent decline. This follows yesterday’s 24-cent fall from its high on the March contract of 6.77. For corn, prices were off 6 cents in the night trade while beans fell 7 cents.

December 18, 2014 | Grain Hedge Insights | Cody Bills | Views: 113

Markets Up Sharply in the Overnight

The grains are trading sharply higher in the overnight session with strong daily export sales.

In the overnight session the grains are trading sharply higher with corn up 5 ¼ cents, soybeans up 7 ¼ cents and wheat up 15 ½ cents this morning. This morning we saw large single day reportable sales of 126,000 metric tons of corn to unknown destinations, 1.5 million metric tons of soybeans...

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December 17, 2014 | Grain Hedge Insights | Cody Bills | Views: 243

Wheat Moves Higher On Talk of Russia

Wheat prices continue to climb as the market monitors the effect of certain restrictions that have been imposed by the VPSS.

Wheat Moves Higher On Talk of Russia

In the overnight session corn, soybean and wheat are all trading higher. Corn improved 3 ¼ cents, soybeans is up 3 ½ cents and wheat is trading 13 ½ cents higher this morning. The wheat market is continuing focus on the developments in Russia as yesterday’s announcement that the Veterinary...

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December 16, 2014 | Grain Hedge Insights | Cody Bills | Views: 190

Russia Aims to Lift Grain Prices

Russia is looking to purchase grain for domestic stocks to help lift prices.

Corn and soybeans are trading lower this morning with corn down 2 ¾ cents, soybeans down 9 ¾ cents and wheat trading 6 ¾ cents higher. Wheat continues its move higher as Russian policy aims at curbing exports.

December 15, 2014 | Grain Hedge Insights | Cody Bills | Views: 81

Grains start the week in mostly positive territory

Wheat was fractionally lower in the overnight

Grains started the week in mostly positive territory with soybeans advancing 5 cents while corn was up 3. Wheat was fractionally lower in the night trade.

 

Corn was bolstered in the night session after Friday’s announcement by Syngenta that it was close to approval by China for its MIR...

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December 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 205

Grains Trade Higher to Close the Week

Wheat looks as though it will trade higher as the agricultural minister of Russia restrains exports. Tune in to hear Cody discuss FSA numbers as well as corn and soybean basis across the U.S.

December 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 67

Geo Grain Commentary

Weekly Cash Commentary

Higher futures prices and aggressive farmer selling helped keep soybean basis unchanged for the week, while US average corn basis rose 2 cents a bushel.

 

For soybeans, river terminals were hard hit this week slipping 5-cents a bushel as weakness at the Gulf combined with an uptick in...

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December 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 48

Grains extended their gains in the overnight session

Wheat, Corn and Soybeans were up at the end of the night trade

Grains extended their gains in the overnight session with front-month March wheat futures climbing above $6 a bushel but hitting resistance at $6.10. Corn and soybeans were also up posting 5 cent advances at the end of the night trade.

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Related Articles

Russian Regulations May Slow Exports

December 01, 2014 | Grain Hedge Insights | Cody Bills

In the overnight session corn continued trading lower finishing down 3 cents going into the morning pause. Soybeans which traded a 13 ¼ cent range last night, added 1 ¼ cents to the closing price on Friday, and wheat improved 1 ¼ cents as well. Soybeans had a particularly negative...

[Read More]

Market set to open lower on Friday

November 28, 2014 | Grain Hedge Insights | Cody Bills

Attention: Following the Thanksgiving holiday the markets will open at 8:30 CST but close early at 12 CST.

 

Export sales for wheat were reported within analyst expectations booking 431,500 metric tons which was up 19% week over week. Corn sales beat analyst expectations recording 944,900...

[Read More]