November 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 512

Soybeans Dip Lower Today

Cody and Kevin discuss the effects of the sudden rise in price of Argentinian Soymeal. Kevin also discusses implications the end of the cease fire in Ukraine.

Soybeans Dip Lower Today
November 11, 2014 | Grain Hedge Insights | Cody Bills | Views: 222

Soybean Rally Continues

Cody and Kevin talk about what is behind the soybean rally and how much longer it might last. Kevin discussed the cash market reaction and Cody talks about some price targets that producers should be paying close attention to.

November 10, 2014 | Grain Hedge Insights | Cody Bills | Views: 210

Mixed Markets Today

Tune in to hear Kevin and Cody discuss how export sales and the WASDE affected the markets today.

November 07, 2014 | Grain Hedge Insights | Cody Bills | Views: 280

Markets mixed going into the weekend

Cody and Logan talk about the trade action on Friday and what producers should be thinking about as they come out of Harvest. Cody also digs into the average basis changes seen at the national level.

November 06, 2014 | Grain Hedge Insights | Cody Bills | Views: 264

Big Soybean Exports Support Market

Soybean exports of 1.61 million metric tons support today's market. Tune in for a complete break-down as well as a discussion of the sustainability of the rising prices.

November 05, 2014 | Grain Hedge Insights | Cody Bills | Views: 210

Grains Bounce Back

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November 04, 2014 | Grain Hedge Insights | Cody Bills | Views: 298
November 03, 2014 | Grain Hedge Insights | Cody Bills | Views: 357

Talk of Soymeal Imports Pressures Beans

Grains are drifting lower as trade chatter looks for Argentine meal to hit U.S. shores

Talk of Soymeal Imports Pressures Beans

Grain prices are moving lower in Chicago, with corn down 4, soybeans off 10 and Chicago wheat down 4 cents. We are past first notice day for November 2014 soybean contracts, please begin trading the January contract to avoid any issues with delivery.

 

Soymeal futures are trading down a percent in the early going on trade rumors that Argentine soymeal is U.S. bound following last week’s huge rally in price. Harvest is the last time we would expect soymeal imports, but the sharply inverted U.S. futures market has given domestic users the incentive to look abroad.

 

Northern Brazil received precipitation over the weekend but the trade remains concerns about output moving forward. Rainfall totals have been 30% behind normal during October, delaying planting and forcing some producers to replant. The 7 day outlook has turned a bit more dry over the weekend – we will continue to monitor the pace of planting in Mato Grasso. 

 

Several private analysts will be releasing their updated crop projections ahead of the November 10th USDA report. FC Stone will be out today and Informa will give their updated numbers later in the week. Grains have traded sharply higher over the last month with very little consideration for current 2014/15 ending stock estimates.

October 31, 2014 | Grain Hedge Insights | Cody Bills | Views: 308
October 31, 2014 | Grain Hedge Insights | Cody Bills | Views: 159

Grains Drifting Lower as Dollar Index Surges Higher

Grains are down slightly this morning while outside markets are very busy. Dollar sharply up while Crude and Gold off a percent or more.

Corn, soybeans, and wheat are continuing to drift lower in the overnight session. Coming into the morning trade break corn is down 2, wheat is off 5 cents, and soybeans are down 5 cents. Today is first notice day for November 14 futures, please roll all soybean positions to the January contract.

 

Soymeal is drifting lower to unchanged this morning in a relatively quiet trade. The CME Group has raised soymeal margins by 25% for speculators and hedgers effective today, leading some trading to believe a further retracement will be seen. Higher margins force traders to liquidate open positions or re-margin existing positions. Many longs in the market may opt to liquidate their positions after a huge run up since early October.

 

Beneficial rains are expected to hit Brazil today through Wednesday in the key growing state of Mato Grasso. These rains are much needed as dryness over the last 30 days has forced many producers to replant soybeans. The forecast has turned slightly dryer for the 2 week forecast, and we will continue to monitor any changes. Argentina corn is off to a great start as the key growing state of Cordoba has received a surplus of moisture over the last 30 days. 

 

The dollar index is surging another leg high this morning, trading up nearly a percent in the early going. FED comments on Wednesday got the rally started as the Federal Reserve announced plans to end their 6 year bond buying program. Gold and Crude Oil are both trading substantially lower, gold down 3% while crude is off a percent and a half.

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