Author: Kelley Fornoff

Overnight Market Update

By: Kelley Fornoff – Grains are mostly higher ahead of the 11am USDA supply and demand report. Soybeans began the overnight session weaker but have since turned around in anticipation of the report this morning. Without any bullish news out of the report, soybeans will likely continue to push lower….

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Overnight Market Update

By: Kelley Fornoff – Grains are mixed with little news overnight to continue to support soybeans which closed the overnight session at the low. At the break, March corn is 0’2 lower at 357’6, January soybeans are 10’0 lower at 1039’0, and March Chicago wheat is 4’0 higher at 405’0….

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Afternoon Market Recap

By: Patrick McRae – Corn: March 17 corn closed at $3.58 down 2 ½ cents on the day. Ethanol production rose to 7.161 billion barrels likely spurred by the aggressive buying in crude oil. The spike we saw yesterday after taking out the prior week’s high appears to have brought…

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Overnight Market Update

By: Kelley Fornoff – Grains ended the overnight session lower after seeing quite a bit of strength in corn and soybeans yesterday. March corn is 2’4 lower at 358’0, January soybeans are 1’2 lower at 1046’4, and March Chicago wheat is 3’2 lower at 403’4. Soybeans were back in the…

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Overnight Market Update

By: Kelley Fornoff – Grains are higher led by the soy complex again this morning. At the break, March corn is 1’0 higher at 360’2, January soybeans are 12’4 higher at 1056’0, and March Chicago wheat is 1’0 higher at 409’2. Demand picked up yesterday surrounding the soybean and palm…

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