Author: Kelley Fornoff

Nov 01, 2016 | For Members

Afternoon Grain Market Recap

By: Kelley Fornoff – Corn and soybeans were down hard today, falling through support levels which accelerated a break lower. We are likely seeing the beginning of the turnaround we have been anticipating this week, although we still may see a bounce or two before Friday. Brazil’s Trade Ministry had…

Nov 01, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are lower across the board to start out the first day of November. At the break, December corn is 1’0 lower at 353’6, January soybeans are 0’6 lower at 1011’0, and December Chicago wheat is 2’4 lower at 413’6. Another export sale was announced this…

Oct 31, 2016 | For Members

Afternoon Grain Market Recap

By: Kelley Fornoff – Little new news left corn and soybeans slightly lower to end the day. Wheat was up all day and closed higher on technicals. The US Dollar was higher as the trade watches for any FOMC news this week or news ahead of next week’s election. Crop…

Oct 31, 2016 | For Members

Overnight Market Update

By: Kelley Fornoff – Grains are lower again this morning with the exception of wheat. At the break, December corn is 2’4 lower at 352’4, January soybeans are 5’6 lower at 1006’2, and December Chicago wheat is 1’0 higher at 409’4. Another round of export sales were announced this morning….

Oct 28, 2016 | For Members

Afternoon Grain Market Recap

By: Kelley Fornoff – Grains were lower for the final session of the week. Beans slipped at the end on technicals and end of the month position evening. Harvest progress added pressure to corn and soybeans. The market is looking for corn harvest to be around 80 percent complete and…