By: Kelley Fornoff – Grains are lower this morning on harvest pressure. At the break, December corn is 2’4 lower at 345’4, January soybeans are 3’4 lower at 986’0, and December Chicago wheat is 1’0 lower at 411’0. It’s been a slow news week regarding grains with export sales really…
Author: Kelley Fornoff
Afternoon Grain Market Recap
By: Kelley Fornoff – Strong weekly export sales this morning helped keep corn and soybeans higher through the close. Weak export sales on the wheat side also resulted in wheat finishing lower on the day. Informa released its estimates today for next week’s USDA November supply and demand report. They…
Afternoon Grain Market Recap
By: Kelley Fornoff – Grains were once again lower on technicals and harvest pressure. The Federal Reserve wrapped up its monthly meeting this afternoon and left interest rates unchanged as expected. Down in South America, Argentina’s port workers are threatening another strike due to a battle over wages. These typically…
Overnight Market Update
By: Kelley Fornoff – Grains are slightly higher to unchanged at the break in what remains a week that has lacked fundamental news and where we look to the charts for the most guidance. December corn is unchanged at 349’0, January soybeans are 0’4 higher at 993’6, and December Chicago…