Grains – Kelley Fornoff Grains continued to slide lower on further fund selling and cheaper South American corn and soybean prices weighing on those here in the US. The Brazilian Real was also weaker today while the Dollar was stronger. On the corn side, the weekly EIA report showed ethanol…
Author: Kelley Fornoff
Afternoon Grain and Cattle Recap
Grains – Kelley Fornoff It was another day of lower lows for corn and soybeans with no new bearish news but specs continued to add to their shorts. Windows for planting have improved this week with forecasts calling for lighter rain amounts and warmer than average temperatures in the central…
Afternoon Grain and Cattle Recap
Grains – Kelley Fornoff Improving weather forecasts did little to help the grain markets today as the market still believes we are too early for any talk of delayed planting. Corn, soybeans, and wheat all closed lower. We did, however, have the weekly planting progress report released this afternoon. US…
Afternoon Grain and Cattle Recap
Grains – Kelley Fornoff Strong export sales this morning weren’t enough to hold strength throughout today’s session but we did see a bit of late short covering towards the close, ahead of the Easter weekend, to help corn and soybeans finish higher. Down in South America, the corn and soybean…