Grains – Kelley Fornoff Weather uncertainties in South America sparked some buying in the soy markets and corn and wheat remained supportive as well. Hot and dry conditions over the past several weeks in Brazil’s Parana and Mato Grosso states has some concerned that its soybean crop may be maturing…
Author: Kelley Fornoff
Afternoon Grain and Cattle Recap
Corn and Soybeans – Kelley Fornoff A lack of new export sales to China, chart selling, and favorable South American weather combined for a lower day for corn and soybeans. Chinese buying was apparently silent over the Christmas holiday but we also won’t see any confirmed bigger export announcements from…
Daily Market Comments
By: Dan Hueber – While certainly not unusual in the period between Christmas and New Year, but one has to scratch pretty hard to uncover any ag market specific news this morning. Markets posted a rather uneventful close on Monday, sans the equity trade, and from what I can gather,…
Afternoon Market Recap
We will not be sending any commentary on 12/24. Regular commentary will resume 12/26. Merry Christmas! By: Patrick McRae – Mixed trade was seen in the grains with beans and wheat lower and corn getting a nice bounce for the close. Soybean markets are still finding some technical selling as…
Afternoon Grain and Cattle Recap
By: Kelley Fornoff – Grain markets were quiet today with soybeans and corn both moving higher but wheat falling back a bit. Soybeans found strength around 11:30 this morning on a report that China bought an unknown amount of US soybeans. If so, this would be the first big purchase…