Author: Kelley Fornoff

Dec 05, 2016 | For Members

Afternoon Market Recap

By: Patrick McRae – Corn: Corn closed the day 12 cents higher at 359’2. Today’s aggressive buying appeared to be follow through buying against the 340’0 – 345’0 price levels. Outside market weakness in the Dollar and last week’s strong crude oil prices seem to have supported corn and gave…

Dec 05, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are higher to start the week with soybeans again leading the way but are finding resistance on near-ideal South American growing conditions. March corn is 1’2 higher at 348’4, January soybeans are 13’6 higher at 1041’2, and March Chicago wheat is 2’4 higher at 406’6….

Dec 02, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains opened the overnight session higher after a lower day yesterday and have been trading higher so far this morning. This little bounce can be expected after we have taken quite a bit off over the last few days but likely won’t be anything too meaningful,…

Nov 30, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are higher on potential new demand and a 9 percent rally in crude oil overnight. At the break, March corn is 3’6 higher at 352’6, January soybeans are 8’0 higher at 1050’4, and March Chicago wheat is 3’0 higher at 411’6. Soybeans continue to be…

Nov 28, 2016 | For Members

Afternoon Market Recap

By: Patrick McRae – Corn: Corn’s COT report showed that funds were net buyers of corn over the prior week, adding 26,037 contracts. Dec 16 corn had an outside day versus its light Black Friday trade. The market pushed as high as 353’0 before closing below Friday’s low at 348’4….