Author: Kelley Fornoff

By: Patrick McRae – Grain markets closed higher after some light profit taking moves throughout the day’s trade.  The USDA crop conditions report shows corn at 68% G/E + 1 % from last week, soybeans at 64% down 2% from last week.  Corn conditions in Indiana and South Dakota are…

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By: Patrick McRae – Today saw continued buying in the grain markets.  Aggressive buying seen today was met with some light profit taking, but the forecasts are still calling for hot and dry in the corn and soybean crop areas.  The dollar index is bouncing higher, and cattle had a…

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By: Kelley Fornoff – Grains pushed higher overnight continuing to feed off of news from Friday’s report. At the break, September corn is 7’0 higher at 388’0 and August soybeans are 21’2 higher at 968’2. On the wheat side, September Chicago wheat is 11’4 higher at 537’4, Kansas City is 12’0…

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By: Patrick McRae – Bullish responses were seen in the grain markets with the release of the USDA’s quarterly stocks and acreage report. As a whole, the report did not see acreage decrease vs prospective plantings in either corn or soybeans, but we did see a drop in wheat of…

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By: Kelley Fornoff – Grains are higher overnight heading into what is arguably one of the biggest report days of the year. At the break, September corn is 4’6 higher at 374’2, August soybeans are 3’6 higher at 924’4, and September Chicago wheat is 12’6 higher at 508’6. Wheat continues…

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