By: Patrick McRae – Grain markets finished mixed with corn slightly higher and soybeans and wheat pressing lower on the day. Rains in the forecasts are expected to be pretty widespread but with the trade already pressed into some overbought conditions on corn and soybeans it’s hard to see how…
Author: Kelley Fornoff
Afternoon Market Recap
By: Patrick McRae – Grain markets finished weaker in corn and soybeans but positive for wheat. Realized damage from the wheat crop lead the market to press higher from the get-go trading some 20 cents higher momentarily during the day. The amount of damage seems likely to be substantial but…