By: Kelley Fornoff – Grains are higher overnight with soybeans leading the way on continued strong demand. At the break, December corn is 2’0 higher at 352’2, November soybeans are 7’4 higher at 978’2, and December Chicago wheat is 1’4 higher at 454’0. Soybeans are back up against resistance and pushed…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets closed higher as corn and soybeans found support from different technical levels. The Fed chose today to leave its benchmark interest rate unchanged in a range between 1.00% and 1.25%. The initial reaction to this news has the US dollar rallying aggressively off of…
Overnight Market Update
By: Kelley Fornoff – Grains are higher overnight after a lower day yesterday and continue in their sideways pattern. At the break, December corn is 0’6 higher at 349’0, November soybeans are 3’4 higher at 969’0, and December Chicago wheat is 1’4 higher at 444’4. Soybean demand remains strong but…
Overnight Market Update
By: Kelley Fornoff – Grains are unchanged to higher overnight with little overnight news to move them in either direction. At the break, December corn is 1’2 higher at 352’6, November soybeans are 0’2 lower at 967’4, and December Chicago wheat is 2’4 higher at 446’0. Yesterday afternoon’s crop progress…