By: Kelley Fornoff – Grains are lower after yesterday’s weather rally and are lacking new fundamental news to continue to support it. Yesterday’s soybean rally sparked a good amount of farmer selling. Old crop supplies remain tight and basis in some areas will remain firm in the nearby if rains…
Author: Kelley Fornoff
Daily Comments
By: Kelley Fornoff and Jeff Kaprelian – Rains continued to hit the Midwest overnight, driving grains higher this morning with concerns of having too much rain. Weather has also caused corn harvest to move slower than expected with yesterday’s crop progress report showing harvest 2 percent behind the average pace…
Daily Comments
By: Kelley Fornoff and Jeff Kaprelian – Grains are higher this morning with weekend rains slowing harvest progress causing some short covering. Soybeans are continuing last week’s rally and planting in South America is still getting underway. Due to a higher Brazilian corn price, Brazilian group Safras is estimating a…
Daily Comments
By: Kelley Fornoff and Jeff Kaprelian – Soybeans and wheat are higher on short covering with corn unchanged after lower than expected export sales this morning. Weekly export sales were out this morning and were all lighter than expected. Net sales for corn were at 703,500 MT with the top three…