Author: Kelley Fornoff

Jan 12, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are mixed in what will shape up to be a big news day on the ag side. At the break, March corn is 2’2 lower at 355’0, March soybeans are 0’6 higher at 1012’2, and March Chicago wheat is 0’6 higher at 418’0. Weekly export…

Jan 11, 2017 | For Members

Afternoon Market Recap

By: Patrick McRae – By and large today’s trade had an offsetting type of attitude. Initially we saw corn trading as low as $3.52 to close well off its lows at $3.57 ¼. Soybeans had similar action, trading as low as $10.01 in march but closed at $10.11 ½. Its…

Jan 11, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are lower heading into tomorrow’s USDA report. At the break, March corn is 1’6 lower at 356’4, March soybeans are 1’4 lower at 1012’2, and March Chicago wheat is 4’2 lower at 422’4. News that China has increased tariffs on US DDG imports beginning tomorrow…

Jan 05, 2017 | For Members

Afternoon Market Recap

By: Patrick McRae – Today’s EIA report showed Corn ethanol production at 1043 tbpd, the stronger margins and increase in ethanol demand are proving supportive to corn prices. While the outside markets did not lead corn higher, the aggressive drop in the dollar should help in a traditional sense. Today’s…

Jan 05, 2017 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are lower in the overnight as corn and soybeans take a little bit of a break after yesterday’s rally. At the break, March corn is 0’4 lower at 359’2, March soybeans are 4’4 lower at 1010’6, and March Chicago wheat is 0’2 lower at 418’2….