Author: Kelley Fornoff

Mar 09, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are lower heading into report day. At the break, May corn is 0’2 lower at 372’0, May soybeans are 5’4 lower at 1016’2, and May Chicago wheat is 1’6 lower at 445’2. Japan purchased 120,000 MT of US corn overnight for delivery in the current…

Mar 08, 2017 | For Members

Afternoon Market Recap

By: Patrick McRae – Today saw a steadily lower day push to the corn and bean markets. The biggest mover of the day was in the crude oil market. Today’s EIA number showed a net crude oil stocks build of 8.209 million barrels. This has been a consistent build…

Mar 08, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are lower on a stronger US Dollar prompting some follow through selling. At the break, May corn is 1’4 lower at 374’4, May soybeans are 3’0 lower at 1022’2, and May Chicago wheat is 2’4 lower at 454’0. Another USDA export sale was announced this…

Mar 07, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains spiked overnight but turned lower as they hit overhead resistance. Brazilian crop estimates also increased yesterday and are adding pressure to corn and soybeans. At the break, May corn is 1’4 lower at 377’0, May soybeans are 4’6 lower at 1032’4, and May Chicago wheat…

Mar 06, 2017 | For Members

Afternoon Market Recap

By: Patrick McRae – Today saw a slight but steady slide in the corn and soybean markets. The day started out positively but slowly pressed lower as the lack of follow through buying had corn and soybeans testing its multiple moving averages. Export inspections were seen as supportive to both…