Author: Kelley Fornoff

Daily Market Comments

By: Dan Hueber – If we were to solely focus on the soybean market, this would have appeared to have been a fairly uneventful week.  If closed right now, this market would be down about 6-cents, but still contained within last week’s trading range and in the same vicinity that…

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Afternoon Grain and Cattle Recap

Grains – Kelley Fornoff Grains were mixed with corn and soybeans dipping lower this morning then bounced off of support to close higher on the day while wheat remained lower the entire session. A lack of export demand on the wheat side has kept pressure on wheat prices this week…

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Afternoon Grain Market Recap

By: Kelley Fornoff – News that China pledged to buy 5 MMT of US soybeans sent the markets higher early this morning but the realization that it won’t be an immediate 5 MMT sale led the soy complex to finish well off its highs. China reportedly did purchase 1 MMT…

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Afternoon Grain Market Recap

By: Kelley Fornoff – Grains closed lower along with most other markets, including cattle and hogs. Soybeans were strong to start off the day after weekly export sales from December 20th showed China a purchaser of nearly 54 million bushels of soybeans but that pricing has long been factored in…

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Afternoon Grain Market Recap

By: Kelley Fornoff – Grains all ended the day on a high note with the Dow having a solid day as well. The FOMC voted unanimously today to leave the Federal Funds Rate unchanged as expected but said it will be patient in determining the next steps, a possible hint…

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