By: Kelley Fornoff – Midwest rains have grains lower this morning while soybeans are under pressure from what is shaping up to be a decent August weather wise. At the break, September corn is 3’4 lower at 361’4, September soybeans are 13’4 lower at 957’2, and September Chicago wheat is…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets showed supportive action today as follow through selling was lacking. Weather forecasts still show chances of rain in the eastern and central corn belt, but have been underwhelming out west. Longer term forecasts show cooler temperatures as well. Next week’s supply and demand report…
Overnight Market Update
By: Kelley Fornoff – Grains have so far brought back some of yesterday’s losses due to technical corrections after yesterday threw us back into some key support levels. At the break, September corn is 4’4 higher at 367’0, September soybeans are 7’6 higher at 972’0, and September Chicago wheat is…
Overnight Market Update
By: Kelley Fornoff – Grains are mixed with soybeans leading the way lower after an unexpected improvement in soybean conditions yesterday afternoon. At the break, September corn is 2’0 lower at 368’6, September soybeans are 14’4 lower at 985’0, and September Chicago wheat is 0’4 higher at 475’0. Ratings declined…
Afternoon Market Recap
By: Patrick McRae – Grain markets began the overnight session aggressively lower in response to cooler and wetter weather for major crop growing areas. Today’s USDA crop progress report shows corn G/E declining 1% vs an unchanged expectation, and soybeans G/E increased 2% vs a similar unchanged expectation. Weather forecasts…