Author: Kelley Fornoff

Dec 21, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are mixed with the soy complex higher on short covering and low volume trade overnight. At the break, March corn is 1’2 lower at 349’0, March soybeans are 4’4 higher at 1020’2, and March Chicago wheat is 1’6 lower at 401’4. No new news has…

Dec 20, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are weaker this morning with soybeans leading the turn lower. South American weather/rains in Argentina continue to add pressure to corn and soybeans. At the break, March corn is 1’0 lower at 352’2, March soybeans are 9’6 lower at 1022’2, and March Chicago wheat is…

Dec 19, 2016 | For Members

Afternoon Market Recap

By: Patrick McRae – Corn: March 17 corn finished the day down 3 cents closing at 3.53 ¼. The COT report showed commercials were net sellers at the upper end of the range and the helpful South American rains have furthered the weakness. We did see a purchase from Japan of…

Dec 19, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Corn and soybeans are lower with wheat higher as we begin the week with lower volume holiday trade. At the break, March corn is 1’6 lower at 354’4, March soybeans are 9’6 lower at 1037’0, and March Chicago wheat is 1’4 higher at 410’6. Open interest…

Dec 16, 2016 | For Members

Afternoon Market Recap

By: Patrick McRae – Corn: March 17 corn closed at $3.56 ¼ down only ¼ cent. The day’s trade saw mostly weakness but found short covered buying to finish the day. Argentina has rains in the forecast this weekend and should be helpful for their crops. Technically corn has failed…