Corn and Beans to Continue to Trend Lower?
Weekly Cash Comments
Soy basis continued to plunge lower this week as old-crop premium levels eroded closer to new-crop delivery levels. For the week, US average soybean basis fell 17 cents a bushel, while corn managed a positive 2-cent gain.[Read More]
Grains Mixed Headed Into a Long Weekend
In the overnight session the grains traded a bit higher with corn up 1/2 a cent, soybeans up 3 cents and wheat up 2 1/2 cents this morning. The outside markets are weaker with the mini Dow down 1.14 percent and the e-mini S&P down 1 percent. The U.S. dollar is trading mostly unchanged at...[Read More]
Big Surprises for New Crop Export Sales
New Crop Soybeans Outperform
In the overnight session the grains are trading lower with corn down 3 1/4 cents, soybeans down 3/4 cents and wheat down 4 1/4 cents this morning. The U.S. dollar index is trading higher by .67 percent and crude oil is down 20 cents.
Ethanol production fell 4,000 barrels per day last...[Read More]