By: Kelley Fornoff – Grains are mixed with corn butting up against its 200-day moving average overnight and is a level that hasn’t been settled over in the March contract since June. At the break, March corn is 1’0 lower at 367’2, March soybeans are 3’2 higher at 1040’0, and…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets closed strong with most of the day’s trade seeing strong fund buying pressure in corn and soybeans. The Fed chairwoman, Janet Yellen, announced today that there would be no immediate rate hikes and that they see the economy as being strong, the insight that gives…
Overnight Market Update
By: Kelley Fornoff – Corn and soybeans are recovering a little from yesterday. At the break, March corn is 0’6 higher at 358’4, March soybeans are 2’2 higher at 1025’0, and March Chicago wheat is 0’2 lower at 413’6. There is really no fundamental news that would be supportive to…
Overnight Market Update
By: Kelley Fornoff – Soybeans are leading the way lower so far this morning on technicals and improving South American weather. March soybeans are currently 12’6 lower at 1036’4, March corn is 3’4 lower at 359’0, and March Chicago wheat is 4’0 lower at 416’4. Friday’s CFTC report showed managed…