By: Kelley Fornoff – Grains are mixed overnight with July corn 0’4 lower, July soybeans 2’2 lower at 962’6, and July Chicago wheat 1’0 higher at 428’0. Corn began the overnight session higher but pushed slightly lower towards the end this morning. Weather over the next week doesn’t look to…
Author: Kelley Fornoff
Overnight Market Update
By: Kelley Fornoff – Grains are lower overnight after yesterday’s planting progress numbers showed no delays in corn planting so far. At the break, July corn is 1’6 lower at 1’6, July soybeans are 4’6 lower at 967’0, and July Chicago wheat is 2’0 lower at 417’2. Down in South America,…
Afternoon Market Update
By: Patrick McRae – Today saw friendlier trade in the grain markets with corn and soybeans, the cattle markets sold off with their bearish reaction to the COF report, and the Dollar index was aggressively lower for most of the day, giving good supportive action to most commodities. In corn…
Overnight Market Update
By: Kelley Fornoff – A weaker Dollar has grains higher overnight. Currently, July corn is 1’6 higher at 365’4, July soybeans are 7’0 higher at 967’6, and July Chicago wheat is 3’2 higher at 424’2. On Friday, unknown destinations purchased a round of US soybeans and the weaker Dollar could…