Author: Kelley Fornoff

May 21, 2019 | For Members

Afternoon Grain and Cattle Recap

Grains – Kelley Fornoff It was a volatile day in the markets with the biggest news coming around the noon hour pertaining to the USDA’s Market Facilitation Program. When reports from Bloomberg surfaced that the USDA is considering a $2.00/bu soybean payment, 4 cent/bu corn payment, and 63 cent/bu wheat…

May 20, 2019 | For Members

Daily Market Comments

By: Dan Hueber – It was just two Mondays ago that the corn market gapped lower on disappointment over the breakdown in the U.S. Chinese trade talks. It was then last Monday that we saw corn push down to the lowest point traded in spot futures since July of last…

May 17, 2019 | For Members

Daily Market Comments

By: Dan Hueber – We began the trade this week with a sense of despair concerning the escalation in the trade war between the United States and China, pressing prices for grains and soy to some of the lowest levels in months and in some cases years. Here were are…

May 13, 2019 | For Members

Daily Market Comments

By: Dan Hueber – It is a sad morning indeed when the most encouraging story I can find to write about is that the Secretary of Ag Perdue is looking into ways for the U.S. government to provide additional aid to producers. As you are all painfully aware, tariffs on…

May 10, 2019 | For Members

Daily Market Comments

By: Dan Hueber – Sell the rumor (or in this case threat), buy the fact? As many in the ag sector are painfully aware, the grain and soy market has been mercilessly pummeled this week on fears that the relationship between the U.S. and China had soured to the extent…