Weekly Cash Comments
Weekly Cash Commentary for week ending 5/27/2016
US soybean basis showed good strength this week. While corn lagged behind, mostly steady to weaker loosing half a cent on the week.
Grains were mixed and Crude Oil Gave Back on Recent Gains
USDA announced flash sales with China
Grains were mixed with little change from yesterday’s close while crude oil gave back some of its recent gains.
The Potential Reality of $12 Soybeans
Grains were Higher than Soybeans and Weekly Export Inspections
Crude hit its highest mark since last October
Grains were higher this morning with soybeans reaching new heights on the rally, briefly getting close to $11 a bushel on front-month July futures. In outside markets, crude oil was also chartering fresh ground eclipsing $50 a barrel, its highest mark since last October.
Why We’re Looking at Potentially Higher Corn Prices
Grains Start the Day in Positive Territory
Crude Oil added to yesterday's gains
Grains were in positive territory to start the day with soybeans leading on a 10-cent advance. In outside markets, crude oil and equity futures continued to add to yesterday’s gains.
U.S. Holding Its Own Against South American Grains
Grains Moved Lower Overnight
US Dollar was stronger...
Grains moved lower yet again overnight with soybeans continuing their sell-off reaching their lowest mark since the May 10 crop report. In outside markets, the US dollar was stronger as was equity futures and crude oil.
How Much Longer Can Soybeans Hold Their Current Prices?
Grains Start the Week in Negative Territory
Grains started the week in negative territory with soybeans facing the biggest brunt of the selling pressure. In outside markets, crude oil fell for a 4th consecutive session and equity futures were steady to weaker in early trade.[Read More]
Weekly Cash Comments
Corn basis was unchanged on the week while soybean basis firmed nearly two cents a bushel.[Read More]
Grains Find Strength Overnight
Grains found strength overnight with soybeans leading the complex higher while corn and wheat followed with more subdued gains. In outside markets, equity futures were higher while crude oil and the US dollar were mostly steady.[Read More]
Why Grains Were on the Defense Today[Read More]
US Dollar Continues it’s Rally Overnight
Grains were weaker overnight as strength in the US dollar continued to weigh on all commodity markets especially crude oil which was off over a $1 a barrel.[Read More]
What Corn Will Need to Stay Above $4[Read More]
Grains were Weaker Overnight
Grains were weaker overnight, led by soybeans. In outside markets, the US dollar was higher while equity futures came under pressure.[Read More]
Corn Continues to Drive Higher[Read More]
Crude Oil Up in the Overnight Session
Grains were mixed overnight with soybeans higher and corn lower. Wheat was nearly unchanged. In outside markets, crude oil was higher but off of its highs at $48.40 while equities and the US dollar were mostly directionless.[Read More]