Author: Kelley Fornoff

Nov 21, 2016 | For Members

Afternoon Market Recap

By: Patrick McRae – Corn Corn had a supportive day closing 4 ¼ higher on the day with December 17 closing at 349’6. Weekly export inspections came in at 34.4 Mil Bu. This week’s COT report showed that commercials were adding to their long positions last week by 29,678 contracts….

Nov 21, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are higher with the soy complex leading the way on strong Chinese demand. At the break, December corn is 1’2 higher at 346’6, January soybeans are 10’4 higher at 1004’2, and December Chicago wheat is 1’0 higher at 409’0. To reiterate what we said a…

Nov 18, 2016 | For Members

Afternoon Market Recap

By: Pat McRae – Corn: The prior days’ trade has confirmed our cycle count. Corn has continued its bounce off of the $3.36 price level and appears to be bouncing nicely from its oversold stochastics. The next level of chart resistance is 3.50 – 3.55 which has been a consolidation…

Nov 18, 2016 | For Members

Daily Market Comments

By: Kelley Fornoff and Jeff Kaprelian – A stronger Dollar has grains mixed this morning as it puts pressure on US exports. Although this has put some temporary pressure on US commodities, it’s not expected to have as big of an impact in the near term as it may in…

Nov 17, 2016

Free Commentary

By: Dan Hueber – Grain and soybean markets ended up swooning just a bit yesterday but the market-paramedics were able to administer dose of smelling salts overnight to revive the trade. Also helping this morning have been generally supportive macros and relatively decent export sales for corn and beans. As…