December 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 92

Grains extended their gains in the overnight session

Wheat, Corn and Soybeans were up at the end of the night trade

Grains extended their gains in the overnight session with front-month March wheat futures climbing above $6 a bushel but hitting resistance at $6.10. Corn and soybeans were also up posting 5 cent advances at the end of the night trade.

 

On Thursday, Egypt’s GASC announced the results of their wheat tender with Russia garnering most of the business. Prices came in around $252 per MT and were $30 lower than the only US SRTW wheat offer. Nonetheless, US interior values continue to be robust. Millers in Illinois continue to bid aggressively for wheat with basis levels for spot delivery about 50 cents a bushel higher than normal for this time of year.

 

For soybeans, the market continues to be buoyed by strong export demand. Current export commitments for US soybeans have eclipsed 40 MMT while USDA has pegged total exports for the year to reach 47.9 MMT. Traders also look for a large crush estimate in Monday’s monthly NOPA release, which is expected to show a record high of 165.4 MB for November.

 

In corn, export business was on par with expectations last week, but overall commitments year-to-date are on par with the pace needed to reach USDA’s annual forecast. Ukraine is said to be having problems meeting corn contracts signed with China in. Private feed mills in China signed contracts in October to 1.1 MMT but the Ukraine supplier is unlikely to be able to ship all of the contracted volume before the February deadline. 

December 11, 2014 | Grain Hedge Insights | Cody Bills | Views: 285

Strong Export Sales

Tune into GrainTV and see Cody break down the export sales reported this morning and see if corn and soybean export sales pace is strong enough to meet the USDA's expectations.

December 10, 2014 | Grain Hedge Insights | Cody Bills | Views: 296

WASDE Out Today

Tune into a packed GrainTV as Cody discusses why there was selling pressure after the WASDE report. He also hits on recent news about South American exports and ethanol numbers.

December 10, 2014 | Editor's View | Elise Schafer | Views: 2371

Feed & Grain Announces Harvest 2014 Photo Contest

Send us pics of your piles, bins, bags or any storage/loading equipment — Win a $100 Visa gift card

Feed & Grain Announces Harvest 2014 Photo Contest

With the 2014 harvest virtually completed across the United States, lingering rail backups in parts of the country and low corn prices, much of what farmers are bringing in from their fields isn’t going anywhere fast. Many grain handlers are facing serious storage challenges, but if there’s one thing this industry isn’t short on, it’s innovation and resourcefulness.

So, how have you overcome the storage woes at your facility? Are you making use of ground piles, grain bags, a temporary structure? Have you relied on a new or unique loading or aeration method to manage excess inventory?

Feed & Grain wants to reward your efforts with our first-ever photo contest. Send us pictures of your piles, bins, bags or other storage and/or loading equipment. The first-place winner will take home a $100 Visa gift card and the second place winner will receive a $50 Visa gift card. The winners will be announced and their photos will be published in Feed & Grain’s April/May issue.

To enter your photo, please email elise.schafer@feedandgrain.com a high-resolution jpeg, tif, or png image that is at least 600 x 600 pixels. Provide your name and company name, location and a brief description of the photo and your individual storage situation. Additionally, please post your photos on Twitter and Facebook using the #fgphotocontest hashtag. The deadline for entries is Feb. 16, 2015.

December 09, 2014 | Cody Bills | Views: 306
December 08, 2014 | Cody Bills | Views: 264

Corn finds selling pressure at $4.00

Cody discusses this morning export sales and inspections numbers and discusses some of the headlines that helped corn nearly reach $4.00 in this morning trade session .

December 05, 2014 | Grain Hedge Insights | Cody Bills | Views: 328

Will Higher Soybean Prices Continue?

Kevin and Cody discuss the sustainability of soybean prices. They also touch on corn and soybean basis around the nation as well as December WASDE expectations.

December 04, 2014 | Cody Bills | Views: 502

Postive Exports Sales

Cody and Kevin discuss the implications export sales expectations are having on soybeans. Kevin also gives a brief summary about the weather effects in Ukraine

December 03, 2014 | Grain Hedge Insights | Cody Bills | Views: 303
December 02, 2014 | Grain Hedge Insights | Cody Bills | Views: 313

Weak Trade for Soybeans and Corn

Kevin discusses the effect of potentially lower ethanol prices. Cody examines the "head and shoulders" pattern soybeans have shown over the past few weeks.

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