September 18, 2014 | Grain Hedge Insights | Cody Bills | Views: 261

Strong Corn and Soybeans Sales

Corn and soybeans showed stronger export sales than expected, while wheat missed expectations

Strong Corn and Soybeans Sales

U.S. grain futures slipped lower over night with corn trading down 2 cents, soybeans off 2 cents, and Chicago wheat down 5 cents.

This morning’s export sales report showed strong sales for U.S. corn and soybeans while wheat missed expectations. Soybean sales were reported at 1.466 mill tonnes, just above the high end of expectations. China was the largest buying accounting for a third of reported sales while 1/3 went to “unknown destinations”. Corn sales were reported at 659,000 tonnes which was in-line with strong expectations for the week. Wheat sales came in below expectations at just 314,000 tonnes for the week. This was down 15% from the previous four week average.

Outside markets and currencies will be watching the Scottish independence vote today. Scotts will vote whether to separate from the United Kingdom and establish a sovereign state. Results will be tallied late this evening so any volatility will most likely be seen during Friday’s trade session. Most analysts agree that a strong knee-jerk reaction from equities and currencies is likely but the long term impacts should be minimum – regardless of the votes outcome.

Our weather models continue to show temperatures above normal through the end of September. Frost/freeze threat remains very low and will not be a supportive story in the grains for a couple more weeks.

September 17, 2014 | Grain Hedge Insights | Cody Bills | Views: 412

Fed Meeting Pushes Dollar Higher

Today's Federal Reserve meeting pushed the dollar another leg higher as the fed announced plans to raise interest rates more aggressively in 2015 and 2016 than projected in June. We discuss currencies, ethanol production, and export sales on today's show.

September 16, 2014 | Grain Hedge Insights | Cody Bills | Views: 419

Soybeans Drift Lower in Quiet Trade

Soybeans drifted lower in a very quiet trade session today. Today we discuss volume in the market and long term trend line support for the grain market.

September 15, 2014 | Grain Hedge Insights | Cody Bills | Views: 420

Frost/Freeze Does Little to Bounce Grains

Monday was a quiet day for U.S. grain prices with corn and soybeans drifting higher and wheat continuing to grind lower. Today we discuss the weekend's frost/freeze and tomorrow's acreage report.

Frost/Freeze Does Little to Bounce Grains
September 12, 2014 | Grain Hedge Insights | Cody Bills | Views: 275

Frost/Freeze Threat Looms Ahead

Cody and Logan discuss the impact of the frost/freeze threat as well as what will happen in the last few days on the September contract.

If you haven't taken a look at our mobile trading app yet, visit us over at Grain Hedge to get live streaming quotes on your mobile phone or tablet for report day! As always, call the office questions or for assistance. Our number is 877-472-4607 and we would be happy to talk

September 11, 2014 | Grain Hedge Insights | Cody Bills | Views: 417

USDA Report Pushes Grains Lower

Today's USDA report pushed new crop prices lower for corn and soybeans. We discuss the numbers and where this market could be heading as we enter harvest. Tune in for the full report!

September 10, 2014 | Grain Hedge Insights | Cody Bills | Views: 264

Mixed Trade Coming Into USDA Report

Grains traded mixed one day before the September supply and demand report. Today we discuss ethanol production and trade expectations for the USDA report.

If you haven't taken a look at our mobile trading app yet, visit us over at Grain Hedge to get live streaming quotes on your mobile phone or tablet for report day! As always, call the office questions or for assistance. Our number is 877-472-4607 and we would be happy to talk.

September 09, 2014 | Grain Hedge Insights | | Views: 390

Grains Break Support Into USDA Report

Soybeans broke technical support of $10.00 in today's trade action. We discuss the technical environment and expectations for Thursday's USDA report.

September 08, 2014 | Grain Hedge Insights | Cody Bills | Views: 449

Markets Resume Trend Lower

The markets resumed the trend of selling on Monday as traders eye the Thursday WASDE report. Watch Cody and Logan breakdown weather, crop conditions and export inspections in today's show.

Markets Resume Trend Lower
September 08, 2014 | Grain Hedge Insights | Cody Bills | Views: 205

More Precipitation Expected Mid-Week

More precipitation is expected across much of the grain belt this week with

Grains gave back most of Friday’s gains in the overnight session. Currently corn is down 6, soybeans off 8 and Chicago wheat is down 7 cents. Technical support on December corn sits at 3.46 ¾ while looking at the soybean daily chart, support would not be expected until 10.02.

 

Russian what prices have rose for the last two weeks following record exports during the month of august. Strong domestic demand and a weakening Russian Rouble have also contributed to prices strengthening. This will be a supportive story moving forward if Russian domestic prices can find a bottom. The U.S. market has been pressured throughout harvest by the price and demand for Black Sea wheat.

 

By mid-week, some heavy precipitation of about 1-2 inches should develop primarily over Iowa, Southern Minnesota and Wisconsin. Other Midwest states like Michigan, Indiana, Illinois and Missouri should also receive some rain although to a lesser degree expecting between .25-1 inches of rain. The risk of frost damage is still very low this week although the best chance for a frost will be Saturday morning.

 

Informa Economics released its latest expectations of the USDA crop report forecast last Friday. Their corn expectations are for a yield of 170.3 bushels per acre which compares to their August estimate of 168. Informa’s soybean yield estimate was for 46.1 bushels per acre compared to 44.5 bushels per acre estimated in August. 

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