Grains Bounce Back
Grains finally found some footing in today's trade. Today we discuss export inspections and crop progress numbers released after the market close.
WASDE Report Reaction
US world ending stocks pressure corn.
Old crop corn carryout was raised 100 million bushels, bringing 2013/14 carryout to 1.246 billion bushels. 2014/15 production was lower 75 million bushels as planted acres and harvested acres were lowered from the June report slightly. Yield was left unchanged at 165.3 bushels per acre. On...[Read More]
Will the July WASDE Report Help Grains Find a Bottom?
With the crop good-to-excellent ratings on soybeans at a 20 year highs, yield will likely be left alone from the June report.
How Far Can Soybeans Go?
Today Cody and Logan discuss the spread between old crop and new crop soybeans and what that could mean to the August soybean contract. They also dig into the expectations for Friday's WASDE report and talk about what that means to soybean demand.
Grains Trade Lower, USDA Report Friday
Watch Cody and Logan as they discuss the USDA report on Friday and where technical support lies for the November soybean contract.
Active International Tenders
Multiple international tenders were announced on Monday morning
Rain over 4th of July holiday was mixed, with majority of the grain belt receiving small amounts of precipitation. Michigan, Missouri and Nebraska saw the heaviest rain with some areas receiving 1 to 3 inches. The 6 to 10 day outlook projects a drying pattern developing over the central and...[Read More]
Soybean Basis Jumps as Futures Slide
Corn and Soybean Basis Diverge in the Wake of June 30th Planted Acreage Report and Quarterly Grain Stocks
Soybean basis along the river improved an average of 6 cents this week to help entice grain out of farmer bins after soybeans futures for the August contract sold off 47 cents in the last seven days. Cash movement has been slow as farmers remain uneager to sell into the weakness following...[Read More]
Markets Stabilize in Light Volume
Export sales came out within analyst expectations today for corn and soybeans. However, wheat provided a bit of a surprise.
Export sales were released this morning showing that old crop corn and soybean sales met expectations while wheat sales came in better than expected. Despite meeting analyst expectations this week the 290,000 MT of 13/14 corn sales and 40,600 MT of 13/14 soybean sales wasn’t enough to move...[Read More]