Market to Continue Trading Acreage Numbers
In the overnight session corn was mostly steady up 1/2 a cent, soybeans were up 5 3/4 cents and wheat in Chicago traded down 1 1/2 cents. Today we will most likely continue to see fallout from the Prospective Plantings report which was more bullish for soybeans and more negative for corn....[Read More]
Grains Lower as Traders Prepare for Planting Intentions Report
The grains are trading slightly lower today with corn down 2 cents, soybeans down 4 1/4 cents and wheat down 5 cents going into this morning’s pause in trade. Today at 11 AM CST the USDA will release its Prospective Plantings report as well as the Quarterly Grain stocks figures. Traders are...[Read More]
Wheat was higher in the overnight session.
Wheat was higher in the overnight session posting modest 4 cent gains while corn and beans were mostly unchanged in listless trade activity.
Wheat found support in the overnight session as concerns over dryness in the Plains continue to support prices. Weekend rains were nonexistent for...[Read More]
Wheat Yield Forecast
Weekly Cash Comments
Corn grain basis was unchanged for the week, while soybeans posted a 2-cent advance.
In corn, basis levels were up one-cent a bushel at the Gulf export market, but river terminals were on average unchanged for the week.[Read More]