Author: Kelley Fornoff

By: Patrick McRae – Today saw a weaker trade in the grain markets, but saw further buying pressure in cattle.  The dollar index has continued to flirt with breaking below the 100 level and crude oil has begun to slow its rally in the low $50 range. Corn markets saw…

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By: Kelley Fornoff – Grains are mixed overnight with little fresh news over the Easter weekend. At the break, May corn is 1’0 lower at 370’0, May soybeans are 0’4 higher at 956’0, and May Chicago wheat is 1’2 lower at 428’4. Soybeans spiked higher at the open last night…

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By: Patrick McRae – Today’s markets continued with their upward swing in the grains as well as the cattle markets.  Further correction was seen in the dollar index, and it could be setting up a break out lower.  If this can occur, we could see even more supportive structure to…

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By: Kelley Fornoff – Grains continued higher overnight with soybeans leading the way. At the break, May soybeans are 9’0 higher at 956’6, May corn is 2’4 higher at 371’4, and May Chicago wheat is 0’6 higher at 434’0. Export sales were on the weaker end of estimates for corn…

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By: Patrick McRae – Today’s market action was friendly in corn, soybeans, and cattle.  The reactions were a good sign of the grain markets beginning to ignore bearish supply information and the bulls seem to like the value these prices have given us. May 17 corn closed at $3.69 up…

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