By: Patrick McRae – Grain markets closed mixed with corn and wheat lower and soybeans higher. The corn crop conditions report gave ample reason for some profit taking from the recent rally. Soybeans pressed to some higher ground and are actually pressing against some stiff moving average resistance with their…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets closed mixed on the day with corn and wheat keeping some positive gains and soybeans closing modestly weaker. Forecasts have put a lot of rain into the eastern forecasts and call for cooler temperatures for the Midwest. Some news out of China regarding hog…
Afternoon Market Recap
By: Patrick McRae – Grain markets posted another positive day as the rally has continued to press some of the weaker shorts out of this market. Seasonally it is not uncommon to find a bounce with such prior weakness and the worsening crop conditions reports are hopefully getting the trade…
Daily Market Comments
By: Dan Hueber – In a show of resiliency that we have witnessed very rarely as of late, the grain/soy markets shook off the early pressure yesterday and posted higher closes once again. The action was particularly impressive in corn as December futures recorded an outside range higher day. Would…
Afternoon Market Recap
By: Patrick McRae – Grain markets had some positive trade today in response to the crop conditions reports released yesterday. The market is still having a hard time getting above its shorter-term moving averages in corn and soybeans but having two positive days in a row is a luxury we…