By: Kelley Fornoff – It was a lower day all around after yesterday’s USDA report. Corn and wheat had some follow through selling while soybeans were stronger to start the day but sold off a bit towards the end. Soybeans found some minor support this morning after news that Secretary…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets finished mostly positive with corn and soybeans higher and wheat lower. Soybeans found decent buying support from good export purchases. Reuters trade estimates for next week’s USDA report are expecting soybean yields to increase to 52.2 bpa and for corn to drop to 177.8….
Afternoon Market Recap
By: Patrick McRae – Grain markets closed mixed with wheat feeling the brunt of the pressure. Crop conditions came out with corn at 67% g/e with ratings dropping 1%. Soybeans came in at 68% g/e with ratings left unchanged. The soybean crush today came in at 179 million bushels this…
Daily Market Comments
By: Dan Hueber – The on again/off again Russian wheat export saga continues. Yesterday, representatives from the Russian government and grain exporters met another time to discuss the overall situation and the resulting verdict; No threat of curtailing wheat exports. Something tells me this will not be the last word…
Afternoon Market Recap
By: Patrick McRae – Grains finished lower soybeans down due to pro farmer tour wheat on lack of exports and corn just following. A busy day of news from different fronts lead the ag markets in different directions. We start with crop progress conditions staying unchanged for corn and up…