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May 2013 Archive for Grain Hedge

RSS By: Brock Schimbeno, AgWeb.com

Grain Hedge is a self-directed discount brokerage that saves farmers money when trading in the futures and options market. For $7 commissions per side producers can execute their marketing strategy with authority, any time the markets trade.

Grains Close In The Red - Watch Old Crop Export Sales Tomorrow

May 30, 2013

Grains closed in the red across the board today as traders remained focused on the GMO wheat story out of Oregon. Strong ethanol numbers reported by the EIA were not able to support old crop corn prices into the close. Tomorrow's export sales numbers will be important for soybeans in particular, tune in for a breakdown of these and other issues on today's GrainTV. Want to use the trading platform you see on GrainTV in your home or office? Visit us at GrainHedge.com to take your no-obligation trial today!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Cancellations Pressure Old Crop Beans, But Is The Top Put In?

May 29, 2013

Old crop soybeans were pressured by cancellations, where do we go now given the technicals? Late in the day the USDA reported that GMO wheat was found in a field in Oregon. This is a developing story but could have implications for the US wheat market as a whole. Want to use the trading platform you see on GrainTV in your home or office? Visit us at GrainHedge.com to take a trial today!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Corn Planting at 86% - Soybeans Come In Above Expectations With 44% Planted

May 28, 2013

 

Corn planting was reported at 86% this afternoon, while soybeans edged out market expectations with 44% planted. Brock and Logan discuss this and the morning's export inspections report on today's GrainTV. Want direct market access during the night session? Visit GrainHedge.com to take your no obligation demo today!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Soybean Basis Continues to Crash, Does This Signal Convergence?

May 24, 2013

The end of the week brought a bit of selling ahead of the long 3-day holiday weekend. Soybeans, corn and wheat all experienced technical selling and profit taking. Basis levels continue to crash in the cash market for soybeans, but corn basis held firm for the week. Weather looks warmer and wetter into next week. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Soybeans Were On a Wild Ride Today, Is It a Top?

May 23, 2013

Soybeans had an exceptionally volatile day as dock workers are striking in Argentina, export sales were robust, and the cash market basis levels continue to collapse. The market hit a multi-month high and has rallied almost $2.00 in the last month. Is this a top? Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Ethanol Production Hits Marketing Year High Leading Grains Higher

May 22, 2013

Ethanol production hit a marketing year high and stocks fell to a multi-year low. These factors point to an implied demand level we have not seen in a couple of years. Export sales are anticipated to be slow for old crop sales across the board, but new crop sales are starting to pick up. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Soybeans Continue to Rally, Will They Meet Resistance?

May 21, 2013

Soybeans on the July contract continue to rally and now are approaching the high end of the trading range. Will this area provide resistance? Soybeans basis in the cash market continues to fall as we head closer to the delivery period. Weather looks wetter and warmer for the next 7 days. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Record One Week Planting Progress, How Will This Effect the Market?

May 20, 2013

Corn planting progress was reported at 71% complete this afternoon, aoubt 8% above analysts' estimates. This record pace for one week will certainly weigh on the new crop corn contract. Soybean basis levels are examined. How will these factors effect the futures markets? Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Informa Released Their Estimates, But Will Technicals Support?

May 17, 2013

Cody and Brock revisit the technical landscapes for the July Soybean and corn contracts on a daily charts. Informa released their revised estimates this morning, but this did little to move the markets. Weather and Crop Progress will drive the markets to start the week next week. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Corn, Soybeans Diverge in Price Action: Will It Continue?

May 16, 2013

Cody and Brock discuss today's price action for corn and soybeans as the two markets moved in opposite directions. Weather has been favorable for planting corn, while beans are building a premium as acres moving to soybeans looks to be minimal at this point. Export sales are examined, but this fundamental news had little influence on today's trade. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Ethanol Picks Up As NOPA Crush Pressures Beans

May 15, 2013

Cody and Brock discuss today's NOPA crush numbers that did not help out the old crop soybean market. Ethanol data was also released, showing strong crush last week. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Corn and Soybeans Meet Resistance, Will Fundamentals Push the Markets Higher?

May 14, 2013

Cody and Brock break down the technical landscapes for corn and soybeans on the daily candlestick charts. Some key resistance areas are examined. NOPA crush numbers are released tomorrow at 12 PM ET with the analysts' estimates being discussed. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Corn Planting Well Behind Normal Pace, Will It Support DEC Futures?

May 13, 2013

A positive trade coming out of the weekend as the long term weather forecast have turned wetter once again. The remainder of the week should allow the planting pace to continue as far as weather is concerned. The crop progress report was released this afternoon and export inspections this morning. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

What Today's Numbers Mean for Fall Prices

May 10, 2013

Today on GrainTV we discuss this morning's USDA report and what this means for grain prices. The USDA seems very comfortable with the production potential out of this year's corn crop, even in light of planting delays. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

USDA Report Numbers and Analysis

May 10, 2013

USDA Report Numbers

Grain futures are trading lower across the board today following this morning's May WASDE report. Below are the reported numbers and the opinions of Grain Hedge analysts

2012/13 Ending Stock Projections 
 
May
Avg. Guess
April
Corn 759
754
757
Soybeans
125
124
125
Wheat
731
731
731

Wheat and soybeans were mostly unchanged from the April report, with just 1 million bushels added to projected 12/13 soybean ending stocks. The USDA actually raised expected corn use going to ethanol, while lowering projected food, seed, and industrial use. On net, corn ending stocks were raised 2 million bushels from the April report. Today's old crop numbers were not a game changer.

 

 

2013/14 Ending Stock Projections 
 
May
Avg. Guess
April
Corn 2,004
1,973
n/a
Soybeans
265
239
n/a
Wheat
670
627
n/a

 

 

Today the USDA confirmed they have little concern about the production potential out of the 13/14 crops. Corn plantings were left at 97.3 million acres with an average yield of 158 bushels per acre. This pushes new crop ending stocks above 2 billion bushels which will continue to weigh on new crop corn prices. Keep in mind many analysts equate ending stock numbers over 2 billion bushels to roughly $4.50 corn futures. 

 

The soybean market also saw larger than expected ending stock projections. Looking at production, the USDA projects 77.1 million soybean acres planted with an average yield of 44.5 bushels per acre. Wheat saw a bearish number with lower export expectations more than offsetting the crop losses from the KC Wheat crop. 

 

For a full breakdown of the numbers and what this may mean for prices tune into today's GrainTV, available every afternoon on the Grain Hedge homepage.

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Grains Pick Up Steam Into Tomorrow's USDA Report

May 09, 2013

Grains closed up across the board for old crop deliviers just one day before tomorrow's USDA report. The cash market has been helping old crop soybeans rally, and today we saw a bit of a breakout technically. Tune in for a full breakdown of today's action.

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Old Crop Soybeans Find Technical Resistance, Planting Pace Picks Up

May 08, 2013

Wednesday saw a mixed day across the grain complex, with little fundamental news for traders to hold on to. Planting pace looks to be picking up across much of the corn belt, helping DEC '13 corn futures move lower. Brock and Logan discuss these issues along with soybean technicals on today's GrainTV.

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Large '13/'14 Corn Ending Stocks Anticipated in Friday's Report

May 07, 2013

Tuesday did provide a turnaround for the agricultural commodities after Monday's sell off. Reuters' poll of analysts is discussed surrounding the topic of ending stock estimates in Friday's USDA/WASDE report. Soil moisture and changes in crop moisture are presented as well. Tomorrow the EIA releases its weekly ethanol production and stocks figures. Want the same trading platform you see on GrainTV? Visit us over at GrainHedge.com to take a no obligation trial today and get some live quotes in your home or office.

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Planting Delays Continue, Cash Market Remains Strong

May 03, 2013

Corn and wheat had a good week as far as prices are concerned. Slow planting progress for corn and freeze damage for wheat were the driving forces. The latest greenness map is discussed, as well as, the precipitation and temperature outlook. Weather will continue to drive the markets to start the week. Strength continues in the cash market for corn and soybeans keeping support under the futures. Want the same trading platform you see on GrainTV? Visit us over at GrainHedge.com to take a no obligation trial today and get some live quotes in your home or office.

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

Export Sales Pressure Old Crop Soybeans

May 02, 2013

Export sales of old crop beans ones again disappointed analysts, weighing on July soybean futures. The KC Wheat Tour wrapped up today, tune in for the reported numbers and our take on the report. Want the same trading platform you see on GrainTV? Visit us over at GrainHedge.com to take a no obligation trial today and get some live quotes in your home or office.

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

China's Economy a Concern, Ethanol Production Supports

May 01, 2013

Soybeans were the leader to the downside losing about 27 cents by the end of the session. Weaker economic data out of China weighed on the markets in general and flowed over into the commodities. The latest FOMC meeting minutes reaffirmed the concerns about the economy. EIA ethanol production numbers did slow the selling in corn. Export sales will be released tomorrow morning. Tune in for the full report!

grain hedge topper

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

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