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.
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 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
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!
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.
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.
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.
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.
Grains Bounce Back
Today we discuss the rebound in grain prices and what next week might bring. Interesting moves in the cash market were observed as harvest begins in the south. Tune in for the full report!
Grain Prices on the Rise
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.[Read More]
Will America Be Competitive in the World Wheat Trade?
Export Inspections Support Soybeans
Cash Market Update
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....[Read More]