By: Patrick McRae – Grain markets edged lower on the day and little market changing news was seen. Crop condition reports are expected to remain near last week with 60% G/E for beans and 61% G/E for corn. Harvest progress is anticipated to be around 5% for beans and 10%…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains are lower overnight after soybeans pushed up to resistance again overnight. At the break, December corn is 2’0 lower at 352’6, November soybeans are 0’4 lower at 968’2, and December Chicago wheat is 2’2 lower at 446’6. There was another export sale that came across the…
Afternoon Market Recap
By: Patrick McRae – Grain markets spent most of the day choppy with corn and wheat closing higher. The soybean market despite seeing another spot export purchaser in the morning closed lower. The US dollar continues to break and crude oil market is now sustainably trading at the $50 a…
Overnight Market Update
By: Kelley Fornoff – Grains are easing after yesterday but traded in a fairly narrow range overnight. At the break, December corn is 1’2 lower at 353’0, November soybeans are 3’0 lower at 973’0, and December Chicago wheat is unchanged at 443’0. There was another export sale announcement this morning,…
Overnight Market Update
By: Kelley Fornoff – Soybeans are leading the way higher this morning amid strong Chinese demand, with corn and wheat not far behind. At the break, December corn is 2’0 higher at 353’4, November soybeans are 5’4 higher at 966’0, and December Chicago wheat is 4’4 higher at 447’6. There was…