Author: Kelley Fornoff

By: Kelley Fornoff – Grains are lower with both corn and soybeans ending overnight trading near session lows. At the break, March corn is 0’4 lower at 363’2, March soybeans are 1’6 lower at 1034’2, and March Chicago wheat is 1’4 lower at 421’0. There was a spot export sale…

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By: Patrick McRae – Grain markets closed mixed, but failed from their early established highs of the day. The weather talk in South America is leaning drier and for the most part the trade seems to be focusing on the upcoming USDA report. From a technical perspective both corn and…

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By: Kelley Fornoff – Grains are higher on technicals this morning despite strong fundamentals against them. At the break, March soybeans are 10’0 higher at 1037’0, March corn is 2’0 higher at 367’2, and March Chicago wheat is 1’2 higher at 431’4. Informa raised its estimates for total Brazilian soybean…

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By: Patrick McRae – Grain markets saw overall weakness, but not after testing and in some cases, pushing the weekly highs.  The weather models in SA still show good growing weather for the bulk of the planted areas and without a serious shift in either dryness or heat there may…

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By: Kelley Fornoff – Grains are mixed to start the last trading session of the week. At the break, March corn is 1’0 lower at 366’4, March soybeans are 2’4 higher at 1039’6, and March Chicago wheat is 2’2 lower at 432’2. Thoughts on an overall higher world supply and…

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