By: Dan Hueber – Yesterday the World Bank issued its monthly commodity market outlook and albeit rather incremental for some sectors, is pointing to higher prices in 2017. The largest gains are expected once again in the energy sector. They now project that crude oil will average $55 a barrel…
Author: Kelley Fornoff
Afternoon Grain Market Recap
By: Kelley Fornoff – Grains were lower on technically overbought conditions and strength in the Dollar after a slow fundamental news day. The strength in the Dollar largely came after the European Central Bank’s President Mario Draghi suggested that they will expand the quantitative easing programs in Europe. Strong export…
Free Commentary
By: Dan Hueber – While there have been flashes of encouragement here and there, grain and soy markets appear to have reached a point where they are having a difficult time attracting buying interest, be that new or short-covering. Even the bean oil market that has been spurred on by…
Daily Comments
By: Dan Hueber – While there have been flashes of encouragement here and there, grain and soy markets appear to have reached a point where they are having a difficult time attracting buying interest, be that new or short-covering. Even the bean oil market that has been spurred on by…
Overnight Market Update
By: Kelley Fornoff – Grains are lower with little bullish news overnight. At the break, December corn is 1’6 lower at 352’2, November soybeans are 4’2 lower at 974’0 and December Chicago wheat is 5’0 lower at 418’6. An export sale of 706,500 MT to China was announced this morning…