By: Patrick McRae – Grain markets found another hard day of selling with wheat being the only market to show any sign of resolve. Soybean export cancelations are hitting the market and China sold 4.4 million tons of corn at auction this week. China thus far has sold 94.5 million…
Author: Kelley Fornoff
Afternoon Market Recap
By: Kelley Fornoff – Grains finished lower with both corn and soybeans correcting themselves a bit after yesterday’s rally. There were a couple of rumors flying around but no solid news today. Better harvest weather is in the forecast over the next ten days and likely added some pressure to…
Afternoon Market Recap
By: Patrick McRae – Grain markets finished mixed on the day with wheat showing the most aggressive weakness. Comments today regarding the Fed’s confidence towards future interest rate hikes pressed the stock markets aggressively lower for the third day in a row. Not much residual movement in the commodities with…
Afternoon Grain Market Recap
By: Kelley Fornoff – Grains all finished higher today after what was a rather quiet news day in the markets. November soybeans moved as much as 8’4 cents lower after this morning’s open but then regained that and then some after December soymeal pushed through resistance at 315 closing 7.4 higher…