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]
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.
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...[Read More]
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.
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...[Read More]
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.
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...[Read More]
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.
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...[Read More]
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.
Strong Export Sales[Read More]
WASDE Out Today[Read More]
Will Higher Soybean Prices Continue?[Read More]
Ethanol Production Numbers Out Today[Read More]
Weak Trade for Soybeans and Corn[Read More]
Wheat Prices Cool in the Overnight
In the overnight session corn fell 1 ¾ cents, soybeans fell 1 cent and wheat backed off from yesterday’s gains by 4 ¾ cents. The dollar index, which fell yesterday, is now back trading near the highs on the daily chart, up over ½ a percent this morning.[Read More]
Wheat Rises Higher[Read More]
Russian Regulations May Slow Exports
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]
Weekly Comments - November 28
Cash grain markets continued to post gains this week with corn basis advancing 4 cents on the week while soybeans added 3 cents on average to US basis levels.[Read More]
Market set to open lower on Friday
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]