By: Patrick McRae – Grain markets fell through support on corn and soybeans while cattle markets saw good gains on the day going into the Cattle on Feed report. Weather still shows good chances for rain in the coming week. The USDA quarterly stocks report estimates are looking for 89.78…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets saw lower trade as the weather forecasts are still keeping some good rain in the forecasts. The cattle markets maintained their current levels, and the crude oil market continues to slide with the daily crude production increasing from week to week. Corn pushed below…
Overnight Market Update
By: Kelley Fornoff – Grains are mixed overnight with all wheat back lower. At the break, July corn is 1’4 higher at 371’4 and July soybeans are 1’0 higher at 928’6. July wheat contracts have Chicago wheat 6’2 lower at 466’2, Kansas City 6’0 lower at 468’2, and Minneapolis wheat 7’2…
Free Commentary
By: Dan Hueber – While the extreme heat that those in the southwestern region of this nation are experiencing may be the headline weather story on the nightly news, understandably it has done little to make bears in the corn and bean markets sweat. Of course, seeing little change to…