By: Kelley Fornoff – Grains pushed lower again overnight as the market has moved past yesterday’s supply and demand report and is now focusing on the changing weather forecasts. At the break, September corn is 7’2 lower at 378’2, August soybeans are 23’2 lower at 997’4, and September Chicago wheat…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains are lower overnight ahead of this morning’s supply and demand report. At the break, September corn is 5’2 lower at 396’4, August soybeans are 8’4 lower at 1020’6, and September Chicago wheat is 5’4 lower at 547’4. The overall feel seems to be looking for…
Afternoon Market Recap
By: Patrick McRae – Grain markets continued higher on further weather concerns for the day. Longer term forecasts see the ridge formed in the western corn belt as moving further east, thus bringing more heat and dryness to the central corn belt. This is on top of an already stressed…
Overnight Market Update
By: Kelley Fornoff – Grains are down hard across the board on profit taking. At the break, September corn is 7’0 lower at 385’0 and August soybeans are 5’0 lower at 976’6. September Chicago wheat is 23’0 lower at 537’0, Kansas City is 23’4 lower at 546’0, and Minneapolis is 27’6…