By: Patrick McRae – Grain markets continue to chop around as we patiently await the release of the delayed January stocks report and the first USDA supply and demand report since the government shutdown. Technically there’s not much worth noting with corn as it has been tightening its range persistently. …
Author: Jeff Kaprelian
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian It was really an uneventful day in the grain markets. The only news to speak of was the Chinese soybean sale of 612k MT reported this morning. COFCO said it purchased millions of tonnes of soybeans over the weekend, which helped support the market. Soybeans gained…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished lower after a bearish day for most commodities. There wasn’t anything specific that pushed grains lower, but they fell on the path of least resistance. Natural gas and energies were the big loser today on the warmer forecast in the coming weeks. The USDA…
Afternoon Grain and Cattle Recap
Grains – Jeff Kaprelian Grains finished mixed with corn and beans higher and wheat lower. The market continues to build Brazilian dryness into the price of soybeans, and that has pushed us right up against resistance. Technical buying also contributed to the advance. Corn gained 3’2 to 380’2 in the…
Afternoon Grain and Cattle Recap
Grains – By: Jeff Kaprelian Grains finished mostly higher today after Larry Kudlow’s refutation of yesterday’s Financial Times story. President Trump also spoke a bit to reporters and had positive comments regarding the trade negotiations. Earlier this morning Reuters put out a story that detailed China’s December grain imports. The…