Grains were mixed with corn and wheat higher in overnight trade, while soybeans were slightly weaker. Crude oil was off sharply with equity futures also sinking in overnight trade. The US dollar was higher trying to recover from last week’s sharp sell-off.
Grains continued their rally overnight with soybeans leading the complex higher on a 4-cent advance reaching its highest mark since December. The US dollar also firmed after yesterday’s steep slide with S&P futures and crude oil also finding strength in early trade.
Kevin looks at the dollar index and exports to see what is need for US grains to be globally competitive
Grains were modestly lower overnight following yesterday’s lackluster USDA supply and demand report. In outside markets, equity futures were higher as S&P futures took a run at the 2,000 mark again while crude oil was modestly lower, but managed to come back from steeper losses in the night session.
Kevin reviews the stocks report and looks where wheat may be headed
Grains were quiet overnight with mixed trade ahead of the USDA crop report this morning at 11 am CDT. Crude oil and S&P futures were up trying to get back some of yesterday’s steep losses.
Kevin looks at speculations for tomorrow's export report
Grains were weaker overnight with soybeans leading the complex lower. In outside markets, crude oil pushed back from earlier losses following yesterday’s $2 a barrel rally while S&P futures fell off the 2,000 point mark in overnight trade.
凯文看我们bean如何保持竞争力
Grains started the week in positive territory, jumping higher on the open Sunday night and holding those gains throughout the overnight session.
Kevin looks at the technical wheat data for any indications of where Kansas wheat may be headed
Grain basis posted positive gains over the week with both corn and soybean basis up over 1-cent a bushel on average.
Grains were up in overnight trade after yesterday’s reversal of fortune in the wheat market. Outside markets saw S&P futures getting closer to the psychological 2,000 point market while crude oil held on to slim gains. The US dollar was slightly lower following Thursday’s sharp move lower.
Grains posted modest gains overnight while S&P futures and crude oil were mostly unchanged. The US dollar was off after posting its highest level in over a month on Wednesday.
Corn and soybeans were little to unchanged as contracts continue to hover at the lows established in mid-January. Outside markets overnight were slumping their way into the morning break, while wheat came under slight selling pressure.
Corn and soybeans posted modest gains overnight but were slumping their way into the morning break, while wheat came under slight selling pressure. In outside markets, S&P futures were up sharply as crude oil also posted significant gains.
The latest Grain TV episode of Grain Hedge Insights with Kevin McNew
Grains posted modest gains going into Thursday’s break, while outside markets were relatively subdued in quite, two-sided trading.
In wheat news, Egypt announced another tender yesterday for shipment Mar 26-Apr 4. Also, Saudi Arabia announced a large tender for 770,000 MT of hard wheat.
Grains continued their weakness from Tuesday by starting Wednesday in negative territory. Outside markets were also weaker for the S&P and crude oil.
Yesterday saw wheat futures carve out new contract lows and hit their lowest price for nearby futures in 5 years.
Grains were lower overnight giving up most of Monday’s gains. In outside markets, S&P futures were modestly lower as was crude oil.
Grains got a bit of a lift on Monday as USDA’s weekly export inspections report showed corn and soybean exports for the week above analyst expectation.
Grains were slightly weaker overnight with limited trade activity. In outside markets, S&P futures and crude oil slid lower while the US dollar added to its string of recent gains.
Grain basis levels continue to be mostly flat across the US with corn inching higher by 1-cent a bushel while soybeans was unchanged for the week.
US Corn Price Idx:ZCPAUS.CM
open: 7.1928
high: 7.2696
low: 7.1928
close: 7.2655
US Soybean Price Idx:ZSPAUS.CM
open: 16.4322
high: 16.629
low: 16.3972
close: 16.5898
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 10.133
high: 10.2858
low: 9.9793
close: 10.2355
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 10.1704
high: 10.3439
low: 10.0264
close: 10.293
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