Author: Kelley Fornoff

Mar 17, 2017 | For Members

Afternoon Market Recap

By: Patrick McRae – Grains were mixed with corn and wheat closing higher and soybeans closing slightly lower. The crude oil market has still shown little sign of correcting higher and has traded defensively since its initial bounce off of the recent lows. The US dollar index has continued to…

Mar 17, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are slightly mixed overnight with corn and wheat running into a little bit of overhead resistance and no new fundamentals to break through those levels yet. At the break, May corn is 0’4 lower at 365’4, May soybeans are 2’6 lower at 998’6, and May…

Mar 16, 2017 | For Members

Afternoon Market Recap

By: Patrick McRae – Today saw friendly trade in soybeans, corn, and cattle markets. The dollar index has continued to fail and crude oil seems to be in a dead cat bounce. The chart on crude still looks weak. While we are over sold other indication leans toward another push…

Mar 16, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains continued higher overnight on a weaker Dollar and a stronger crude oil market. At the break, May corn is 2’2 higher at 365’6, May soybeans are 7’2 higher at 1005’2, and May Chicago wheat is 2’2 higher at 438’2. A couple of export sales were announced…

Mar 15, 2017 | For Members

Afternoon Market Recap

By: Patrick McRae – Both corn and soybeans traded higher throughout the day, but we did see the soybean market react bearishly to its less-than-anticipated NOPA crush number. We also saw the Federal reserve raise rates by .25 percent. While the market had been anticipating this rate hike, the market’s reaction…