By: Patrick McRae – Grain markets had a hard time finding buying past Fridays highs. The USDA released their updated good to excellent ratings and found the corn crop to be at 64% G/E 1 % below last week and the soybean crop at 61% again down 1% from last…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains are mixed overnight on weather and an overall change in fund positions. At the break, September corn is 1’4 lower at 374’6, August soybeans are 4’0 higher at 993’0, and September Chicago wheat is 1’2 lower at 509’4. Soybeans are leading the way this morning…
Afternoon Market Recap
By: Patrick McRae – Grains found support after yesterday’s aggressive selling. Weather forecasts are spotty with dryness moving east and rains forecasted for the northern plains and parts of the Midwest. The next two weeks will begin the bulk of the Midwest’s corn crop pollination and if the forecasts remain…
Afternoon Market Recap
By: Patrick McRae – Grain markets had a hard down day as follow through selling impacted the entire market after yesterday’s USDA report. Weather forecasts are still calling for excessive heat in the western corn belt, but some rain events have been put into the forecast for the northern plains…