By: Kelley Fornoff – Grains are higher overnight ahead of tomorrow’s report. At the break, September corn is 3’0 higher at 369’2, August soybeans are 6’0 higher at 925’0, and September Chicago wheat is 10’6 higher at 483’6. As of this morning, the International Grains Council has lowered its estimate…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets were mixed with wheat and soybeans closing higher. Cattle bounced from support, and the dollar index has broken to new month over month lows. Recently we have seen the release of some July weather forecasts. Lanworth, a Reuters owned crop and weather research group,…
Overnight Market Update
By: Kelley Fornoff – Grains are slightly higher to unchanged, all trading in narrow ranges overnight. At the break, July corn is unchanged at 359’2, July soybeans are 1’6 higher at 913’0, and July Chicago wheat is unchanged at 453’2. Spring wheat continues to lead as conditions worsen. Minneapolis wheat is currently…
Overnight Market Update
By: Kelley Fornoff – Grains are higher overnight after yesterday’s crop conditions came in lower than market expectations. At the break, July corn is 2’0 higher at 361’0, July soybeans are 7’0 higher at 913’6, and July Chicago wheat is 2’0 higher at 452’0. US corn conditions yesterday were left…