By: Jeff Kaprelian – Grains finished mixed with corn and soybeans higher and wheat lower after today’s USDA report. Let’s get right into the numbers… The USDA cut corn production on a reduced yield of 180.7 bushels per acre. That was right on our estimate of 180.6, but lower than…
Author: Jeff Kaprelian
Afternoon Grain Market Recap
By: Jeff Kaprelian – Just a short recap today as we wait for tomorrow’s WASDE. Grains finished lower across the board as the corrective pullback continues. Today’s setback can be blamed on the oversold posture of the market’s we’ve been talking about as well as the need for short-term traders…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed with corn and soybeans lower and wheat slightly higher. There wasn’t a lot of fundamental information to shift the markets today, and the main feature was really correcting the overbought technical posture. We’ve maintained the need for a cool-off period before a harvest…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains finished mixed today with corn and wheat higher and soybeans lower. The wet forecast is supporting the corn market, as increased precipitation amounts are causing concerns over harvest delays. We’re obviously well ahead of the typical harvest pace, but these rains threaten to push us…
Afternoon Grain Market Recap
By: Jeff Kaprelian – Grains fell across the board today after the Quarterly Grain Stocks report showed higher than anticipated stocks. This report is as of September first, so these will be the numbers to close out the marketing year and carry through to the next WASDE in October. The…