By: Kelley Fornoff and Jeff Kaprelian – Grains are off to a steady to lower start this morning as they try to find values that satisfy Monday’s report data and projected record demand. The main focus of the market is now on harvest progress and results. Farmers across parts of…
Author: Kelley Fornoff
Daily Comments
By: Kelley Fornoff and Jeff Kaprelian – Grains are lower after the USDA released its updated supply and demand estimates yesterday. December corn is 5’0 lower at 334’4, November soybeans are 7’0 lower at 957’2, and December Chicago wheat is 5’0 lower at 404’2. There was little new market-moving news…
Afternoon Grain Market Recap
By: Kelley Fornoff – A big report day left corn and soybeans lower and wheat higher. The USDA’s September crop report was considered bearish for soybeans against trade expectations and slightly bearish for corn as well. Beginning with corn, yield estimates were lowered to 174.4 bushels per acre, which was…