Soybean Basis Taking a Dive
The soybean market has taken a hard hit. Kevin looks at why and where it could be heading.
Grains Had Modest Positive Gains in the Overnight Session
Crude Oil was Sharply Lower
Grains had modest positive gains in the overnight session while crude oil was sharply lower and the US dollar pushed higher off of its recent lows.
Chicago Soybeans Futures Edge down on Monday
Russian wheat export prices rose last week for the first time since mid-August
Chicago soybean futures edged down on Monday to trade near a one-week low as weather forecasts suggested corp conditions would be dry enough this week to let farmers make headway in gathering what is expected to be a record US crop.
Export Commitments Well Ahead of Last Year
Soybeans Continue to Face a Negative Bias
Grains Dip Lower Overnight
Crude and Equities in Positive Territory
Grains dipped lower overnight while crude oil and equities were in positive territory to start the day.
What Happens if Corn Breaks $3.40
Grains Start the Day in Positive Territory
US Dollar Slightly Higher
Grains were again in positive territory to start the day with soybeans leading the complex higher. In outside markets, the US dollar was slightly higher as were equities while crude oil was slipping lower going into the start of the day session.
Soybeans Gap Higher But Are Still on the Defense
Soybeans Post Double Digit Gains
Soybeans posted double digit gains to hit a one-week high to start the day while corn and wheat gains were limited to a few cents. In outside markets, crude oil found strength and helped push equities higher to start the week.[Read More]
Weekly Cash Comments
National basis levels moved lower after a taking a break last week. Historically basis levels are pegged to keep moving lower until mid to late October.[Read More]
Disappointing NOPA Crush Numbers[Read More]
Basis Levels May Get Worse Before Improvements are Seen[Read More]
Grains Struggling to Hold Modest Gains
Grains were struggling to hold on to modest gains going into the morning break. Outside markets saw crude oil and equities also try to recover from yesterday’s sharp sell-down.[Read More]
Ethanol Lending Support to Corn[Read More]
Grains Slightly Weaker in Overnight Trade
Grains were unchanged to slightly weaker in overnight trade while in outside markets equity futures tried to recover some of yesterday’s sharp losses while crude oil continued to dip lower.[Read More]
More Pressure to Come for Soybeans[Read More]
Grains Continue to Sink Lower
Grains continued to sink lower overnight as the weight of bigger crops continues to pressure the market. Outside markets saw crude oil and equity indices sharply lower while the US dollar turned higher.[Read More]