Will Wheat Take Out $4?
Soybeans Hold on to Strong Gains
Yesterday's Crop Report confirmed the big crops in South America
Yesterday’s crop report confirmed the big crops in South America. Brazil’s soy crop was pegged at 111 MMT, up from USDA’s March forecast of 108 and above industry acreage expectations of 109.9.
Grains Mixed Heading into the USDA Report
US Dollar and Equities in Negative Territory
Grains were mixed heading into the USDA report with soybeans holding on to a modest gain while corn and wheat sunk lower.
USDA Crop Report to be Released Tomorrow
Grains in Positive Territory to Start the Week
Grains were in positive territory to start the week led by soybeans. In outside markets, crude oil was also showing impressive gains, hitting its highest mark in a month.
Weekly Cash Comments
Weekly Cash Commentary for week ending 04/07/2017
Grain basis moved higher this week with soybeans advancing 1.5 cents a bushel on average across the US while corn basis was up a modest 0.8 cents a bushel.
Grains Were Mixed and Range Bound in Overnight Trading
Crude Oil inching higher
Grains were mixed and range bound in overnight trade action. In outside markets, equity markets were fractionally lower while the US Dollar index tried to eclipse the 101 mark for the first time in two weeks.
Grains Stagnated in the Overnight Session
Outside Markets Saw Crude Oil trying to Recover
Grains stagnated overnight following yesterday’s soybean advance, which was sadly the biggest daily gain in 25 trade sessions on a 6-cent gain.
Soybeans Find Strength in the Overnight
In Corn, Trade Moved Lower Yesterday
Rains over the last week have raised concerns about the Argentine soybean crop as harvest gets underway.
Soybeans Find Support from Argentina Flooding
Soybeans Trying to Recover in the Overnight Session
Grains posted modest gains overnight with soybeans trying to recover from a 10-week slide during which it has lost $1.40 a bushel.[Read More]
Modest Buying in the Overnight Session for Grains
The week started with grains finding modest buying in the overnight session. Outside markets were also relatively muted going into the Morning trade session.[Read More]
Massive Soybean Acreage Sinks Market[Read More]
Weekly Cash Comments
Grain basis inched higher this week for both corn and soybeans with 1-cent advances on average across US buyers.[Read More]
Today’s Crop Report will Provide the First Guidance on 2017 Supplies
Today's Crop Report will Provide the First Guidance on 2017 Supplies[Read More]
Grains Showing Modest Gains Going Into Today’s Crop[Read More]
Will USDA Surprise The Grain Market?[Read More]
Grain Prices Continue their Stalemate
One day to go until USDA’s crop reports that are expected to breath new life in the markets.[Read More]
Will Corn Stocks Be Higher Then Expected?[Read More]
Trade Action Proves to be Listless Leading up to Friday’s Crop Report
The recovery in ag grains entered Day 2 with little upside enthusiasm. In outside markets, US dollar crude oil and equities turning higher.[Read More]