November 21, 2014 | Grain Hedge Insights | Cody Bills | Views: 149

Volatile Week for Grains

Tune in to hear Cody and Kevin discuss how grains closed out the week as well as what to expect in the near future. Cody and Kevin also discuss the world wheat market and how the U.S. dollar index is affecting it.

November 20, 2014 | Grain Hedge Insights | Cody Bills | Views: 166

Grain Prices on the Rise

Tune in to hear Cody and Kevin discuss what moved the grains today and if they can break back over the moving average.

November 19, 2014 | Grain Hedge Insights | Cody Bills | Views: 199

Wheat Trading Lower

Tune in to hear Cody discuss what's expected out of tomorrow's export sales report. He also breaks down why wheat continues to trade lower.

Wheat Trading Lower
November 18, 2014 | Grain Hedge Insights | Cody Bills | Views: 182
November 17, 2014 | Grain Hedge Insights | Cody Bills | Views: 225
November 14, 2014 | Grain Hedge Insights | Cody Bills | Views: 324

Cash Market Update

Kevin and Cody discuss the cash basis movement on a national level this Friday.

Corn and bean futures prices found strength this week and the cash market added on to the gains with a 2 cent basis increase on average across the US this week.

 

In corn, ethanol plants were a dominant driver adding 4 cents a bushel as a group as ethanol production continues to accelerate. Weekly ethanol output was at 946,000 barrels per day, a marketing year high, and puts year-to-date output 6.1% ahead of last year's pace. USDA has only a 0.3% increase expected for annual corn use for ethanol.  Export markets were also up with the Gulf port basis advancing 3 cents a bushel.  Weekly export inspections were at 517,000 MT on par with expectations but a bit slim for this time of year.

 

By comparison, soybean export inspections continue to set a blistering pace with 2,481,000 MT for the week and cumulative exports at 13.5 MMT compared to 11.8 MMT for the same period last year.  This is 14.4% higher than 2013 while USDA is only factoring in a 4.4% increase year on year. However, basis levels at the Gulf this week were flat with some river terminals in the Upper Midwest seeing lower basis as barge rates there moved higher.  Soy plants were up as a group gaining 3.4 cents a bushel, but some areas of Minnesota and Iowa were weaker with 5 to 10 cent declines being fairly common by plants in this region.

 

November 13, 2014 | Grain Hedge Insights | Cody Bills | Views: 324

Whats behind corns move higher?

Kevin and Cody discuss the positive day in the grains and talk about some of the drivers behind the scenes. Cody discusses some key price levels to keep an eye on if corn continues its move higher tomorrow.

November 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 501

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: 219

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: 209

Mixed Markets Today

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

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Cash Market Update

November 14, 2014 | Grain Hedge Insights | Cody Bills

Corn and bean futures prices found strength this week and the cash market added on to the gains with a 2 cent basis increase on average across the US this week.In corn, ethanol plants were a dominant driver adding 4 cents a bushel as a group as ethanol production continues to accelerate....

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