Grains – Jeff Kaprelian Grains fell today, starting out with a hard slide early in the session. Soybeans stabilized and recovered in the middle of the day, while corn bounced at the end. No such luck for wheat though. Most of the action was technical in nature, as I’ll detail…
Author: Jeff Kaprelian
Afternoon Grain and Cattle Recap
By: Patrick McRae – Grain markets closed mixed with much of the trade moving based around trumps conversation today with the press. His comments were of continued progress to a trade deal with China. The market did not bounce much from his mentioning but we did see short covering into…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains fell after disappointing export sales this morning. Dan detailed those earlier this morning (https://www.thehueberreport.com/daily-comments-486/), so I won’t repeat them here. The other topic that set markets lower was, as you may have expected, the Chinese trade negotiations. President Trump said he was considering a 60…
Afternoon Grain and Cattle Recap
By: Patrick McRae – Grain markets posted some pretty positive gains, especially given the additional weakness seen yesterday. Technically the markets all supported where they needed to, and todays bounce was likely more to do with a lack of selling rather than true optimism of a Chinese trade deal. This…