By: Kelley Fornoff – Grains charged higher overnight as we continue the weather rally. At the break, July corn is 4’0 higher at 388’6, July soybeans are 7’4 higher at 938’2, and July Chicago wheat is 5’0 higher at 449’6. If you have not done so already, now is a good…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets continued their volume buying in all aspects. The buying interest has been further sparked as continued drying weather forecasts have been projected. Cattle markets had a rejection from their lows, crude oil has been failing aggressively since their EIA release of an unexpected build,…
Afternoon Market Recap
By: Patrick McRae – Grain markets saw an active buying day as the trade digested the bullish crop conditions report yesterday. Cattle markets saw a stiff reversal on the futures, but nothing fundamental really took place. The dollar index continues to break lower and hot and dry weather is in…
Overnight Market Update
By: Kelley Fornoff – Grains are higher overnight with concerns moving to dry weather. At the break, July corn is 1’4 higher at 374’4, July soybeans are 1’6 higher at 923’6, and July Chicago wheat is 5’6 higher at 435’2. Spring wheat is leading the pack overnight after crop conditions…