By: Kelley Fornoff – Grains are higher to unchanged overnight and are off of the lows as weather continues to cap any real gains so far. At the break, December corn is unchanged at 368’4, November soybeans are 2’2 higher at 926’4, and December Chicago wheat is 1’0 higher at…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets failed today as the crop conditions reports were mostly considered a non-event. The dollar index has continued its bounce and the crude oil market has begun to slow down its descent. Support levels of the grain markets are now being tested and have been…
Daily Market Comments
By: Dan Hueber – After having pressed down to the lowest level traded since the 30th of September last year, December corn bounced very nicely into the close yesterday, giving us the impression that there actually could be light at the end of the tunnel that the USDA diverted us…
Afternoon Market Recap
By: Patrick McRae – Grain markets opened weaker as forecasts still show good crop growing conditions in the forecasts. Today’s G/E ratings came in at 62% for corn, up 2% w/w and 59% for soybeans, down 1% w/w. While the trade seems uninterested in recklessly selling the grain markets, we…
Overnight Market Update
By: Kelley Fornoff – Grains are lower on follow through from last week’s USDA report and additional rains in the forecast for this week. At the break, December corn is 4’0 lower at 356’6, November soybeans are 9’6 lower at 935’2, and December Chicago wheat is 7’0 lower at 460’0….